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New York – Apple has overtaken Nvidia as the most valuable company in the world! On Friday, iPhone temporarily overtook the AI chip giant in market capitalization. While Nvidia has come under pressure from a broader sell-off in AI and chip stocks, Apple’s market value has risen to about $4.9 trillion. At one point, Nvidia was worth about $4.8 trillion. However, a little later the chip manufacturer regained its leading position. Two tech giants are currently competing with each other to become the world’s most valuable company.
Investors are currently shifting to the technology sector. Many are selling shares of artificial intelligence and semiconductor companies after their record gains in recent months and are instead ramping up the pace again. Apple.
Apple relies on artificial intelligence and new devices
Apple received additional tailwind from major bank HSBC. Analysts appreciated share Buy and see the group at an operational inflection point. They rely on new artificial intelligence features, an updated version of Siri, the introduction of “Apple Intelligence” in additional markets and a strong product line, including a possible foldable iPhone.
Price has dropped, business is still strong
But Nvidia shows little sign of operational weakness either: the chip giant recently increased its quarterly sales by more than 85 percent, to $81.6 billion. Its data center business even increased by 199 percent as major cloud companies massively expand their artificial intelligence infrastructure.
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According to many market observers, the recent price decline has less to do with business performance and more to do with a revaluation of the artificial intelligence sector. In addition, the price is being pressured by a new artificial intelligence model from the Chinese startup Moonshot, which is seen by investors as a possible new competitor to the offerings of Nvidia clients OpenAI and Anthropic.
Quarterly figures become decisive
Now let’s turn our attention to the following quarterly indicators. Apple will present its results on July 30, Nvidia no earlier than August 26. Investors are paying particular attention to the services business, developments in China and possible signs of the upcoming iPhone 18. The results may already decide which one. Chase will be able to maintain its top spot as the world’s most valuable company in the coming weeks.