Apple surpassed Nvidia to become the world's most valuable company during Friday's trading session, with its market capitalization rising to $4.9 trillion. Nvidia's shares fell 3.7%, lowering its market value to around $4.8 trillion. This shift ended Nvidia's hold on the top spot, which it had maintained since May 2025, amid a broader selloff in semiconductor stocks, according to livemint.com.
The change in rankings occurred as Nvidia shares tumbled due to concerns over emerging AI competition from Chinese startups, while Apple shares rose 0.4%. The selloff in semiconductor stocks impacted Nvidia more significantly, allowing Apple to regain the lead in market valuation. The developments were reported by livemint.com and reflected in the trading activity on Friday.
This shift highlights the volatility in the semiconductor sector and the growing influence of tech giants like Apple in the global market. Nvidia, a key player in AI chipmaking and part of the 'Magnificent Seven' stocks, faced pressure from emerging competitors, while Apple's steady performance underscored its resilience. The market dynamics underscore the competitive landscape in technology and chip manufacturing, as noted by livemint.com.
Apple's market capitalization reached $4.9 trillion on Friday, overtaking Nvidia's $4.8 trillion valuation, marking a notable change in the rankings of the world's most valuable companies, as reported by livemint.com.