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via finance.yahoo.comMarkets

Apple overtakes Nvidia as world's most valuable company amid tech selloff

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Apple Inc (NASDAQ:AAPL) reclaimed its position as the world's most valuable publicly traded company on Friday, edging past NVIDIA Corporation (NASDAQ:NVDA) as mounting skepticism surrounding aggressive artificial intelligence spending prompted a rotation into…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishMega-cap valuation shifts and a broad tech selloff can move the Nasdaq and AI-linked stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Apple closed Friday with a market capitalization of $5.03 trillion after a 1.2% dip.
  2. 02Nvidia fell 4.2%, lowering its valuation to $4.93 trillion.
  3. 03Quarterly updates from Intel and Amazon deepened anxiety over AI spending.
  4. 04It is the first time Apple has surpassed Nvidia since a brief stint in late July.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Apple Inc.AAPLStock344.63 USDMarket closedtoday -1.23%Negative NVIDIA CorporationNVDAStock204.64 USDMarket closedtoday -4.22%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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