Apple overtook Nvidia in market capitalization at the beginning of Friday's trading, regaining the top spot in market capitalization for the first time since April last year
On Friday, U.S. stocks opened, The company's market value surpassed that of Nvidia, becoming the world's most valuable company. Apple's stock price has been trending steadily, with its latest market value reaching US$4.88 trillion; Nvidia's stock price fell 3.5%, with a market value of approximately US$4.86 trillion. This change in market value ranking shows that investors are no longer limited to companies like Nvidia that are the most intuitive beneficiaries of the artificial intelligence boom. Nvidia has been at the top of the world's market capitalization list for nearly a year, and this is the first time Apple has regained the top spot in market capitalization since April last year. Analysts who upgraded their rating to buy on Friday said Apple is "now reaching an operating inflection point."