Apple is now very close to overtaking Nvidia as the world’s most valuable company. Nvidia’s value surged over 1,000% since 2023 thanks to its dominance in AI chips, but recent market uncertainty and a report that Meta may buy Google’s AI chips caused Nvidia’s stock to drop. Nvidia is also facing scrutiny over claims of inflated revenues, which it denies. Meanwhile, Apple’s stock has been steadily rising, partly because it’s seen as less vulnerable if an AI bubble bursts. Apple now sits at a $4.124T valuation, just behind Nvidia’s $4.234T, and the two may trade places soon.
Source: 9to5Mac
