Apple could be about to dethrone Nvidia as world's most valuable company
FROM THE WIRE · FINANCE.YAHOO.COM
Tough reviews of Apple's (AAPL) new foldable Duo smartphone don't appear to be shaking the bulls on the stock. Apple's market cap of $5.08 trillion is less than 1% shy of Nvidia's (NVDA) $5.12 trillion, putting it on the cusp of knocking the AI chip darling off the throne as the…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bullishA possible Apple overtake of Nvidia in market cap involves two mega-caps and sentiment on the AI sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Apple's market cap of 5.08 trillion dollars is less than 1% below Nvidia's 5.12 trillion.
- 02Nvidia shares are down 7.3% over the last month, while Apple is up 2.5%.
- 03Investors are starting to question the health of the AI trade.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Apple Inc.348.22 USDMarket closedtoday +1.23%Positive NVIDIA Corporation212.21 USDMarket closedtoday -4.40%Negative NASDAQ Composite26,008.86Market closedtoday -2.60%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets