CNBC Daily Open: Apple Reclaims Its Crown, SpaceX Returns to Earth
Apple’s shares rose 1% as investors reassessed AI spending, while Nvidia fell almost 5% amid cost concerns, Bloomberg said.
- On Monday, Apple overtook chipmaker Nvidia to become the world's most valuable publicly traded company, with shares climbing 1% to a $4.95 trillion valuation while Nvidia fell 5% to $4.77 trillion.
- Nvidia shares declined as investors questioned the high costs of artificial intelligence development, with growing concerns about spending on the technology driving the market shift.
- "People see the AI trade is volatile, and they see Apple as almost like owning an index," said Daniel Newman, CEO of Futurum Group. This perception helped Apple reclaim the top position after two years.
- Unlike other tech giants, Apple avoids overhauling its business around proprietary AI infrastructure, instead utilizing Google models while maintaining financial discipline under head of hardware engineering John Ternus.
- Apple's reign could prove short-lived given the rapidly evolving AI landscape, as the company spent four years on the sidelines of the race, raising ongoing investor scrutiny.
11 Articles
11 Articles
Apple surpasses Nvidia as most valuable company
Apple reclaims title of world’s most valuable company, surpassing Nvidia amid dips in AI chip stocks [This post contains video, click to play] In Short: – Apple has become the world’s most valuable company with a market cap of $4.95 trillion. – Nvidia’s valuation decreased to $4.77 trillion after a 5% drop in share prices. Apple surpassed Nvidia to become the world’s most valuable company, closing at a market cap of $4.95 trillion.Nvidia’s share…
On Monday (July 27), US tech giant Apple officially surpassed Nvidia to regain become the world's most valuable publicly traded company.
Apple on Monday overtook Nvidia to reclaim its crown as the world's most valuable company. It was the first time the two companies had swapped places since August 2025. Nvidia shares fell about 5 percent in after-hours trading on Monday, giving it a market value of $4.77 trillion, as investors worried about the high costs of developing artificial intelligence. Investors are increasingly wary of the rapid growth of the AI industry. Apple shares, …
Coverage Details
Bias Distribution
- 67% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
