Apple overtakes Nvidia to become world’s most valuable company amid tech selloff

Apple has reclaimed its position as the world's most valuable publicly traded company, surpassing Nvidia with a market capitalization of $5.03 trillion, according to Investing.com. This milestone comes amid a broader tech sell-off, driven by mounting skepticism around aggressive artificial intelligence spending. Nvidia's valuation fell to $4.93 trillion following a 4.2% slide, marking the first time Apple has overtaken the chipmaker since a brief stint in late July.

The shift is attributed to Apple's measured approach to infrastructure investment, which has made the stock a preferred haven within the Magnificent Seven cohort, with shares up 27% year-to-date, more than double Nvidia's second-place advance.

Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.