Apple has once again become the most valuable company in the world.
Apple has raised its market value to $4.88 trillion, surpassing Nvidia.
Amid shifts in the artificial intelligence market, Apple has overtaken Nvidia to become the world's most valuable company, according to reports.
The company's market value reached $4.88 trillion, while Nvidia's market capitalization decreased by 3.5% to $4.86 trillion. Thus, after more than a year, Apple has regained the title of the world's most valuable company.
Nvidia had previously topped this ranking after its market value exceeded $5 trillion. Last month, Apple introduced an updated version of its AI-powered Siri assistant.
The new system stands out for its ability to better understand user requests by considering personal context, retrieve information from the internet in real time, and perform more complex tasks.
According to Michael Monagan, founder of Founder ETFs, investors are now focusing more on companies that can turn this technology into practical services for users, rather than those spending heavily on AI infrastructure. He noted that Apple's relatively low capital expenditure in the AI field is now being viewed as an advantage for the company.
The rise in Apple's stock is being observed ahead of the company's third-quarter financial results, which are set to be announced on July 30. Previously, the company forecasted a 14–17% increase in sales volume.
Meanwhile, Apple CEO Tim Cook is expected to hand over the company's leadership in September to John Ternus, who has been heading the hardware engineering division since 2021.
Currently, competition in the semiconductor market is intensifying. Micron Technology surpassed a market value of $1 trillion in May, while South Korea's SK Hynix was listed on the Nasdaq stock exchange.
Despite the rise in Apple's stock, U.S. stock market indices declined. During trading, the Nasdaq fell by 1.6%, the S&P 500 by 0.9%, and the Dow Jones Industrial Average by 0.25%.
