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1 week ago

Apple briefly overtakes Nvidia as world's most valuable company amid AI investment doubts

Apple briefly passed Nvidia to become the world's most valuable company on Friday as the tech titans jostled for the top spot as investors reconsider the outlook for investments in AI.Apple's market cap topped Nvidia's early Friday as the latter saw shares slide along with other chipmaker stocks as investors continue to evaluate whether tech firms' rapid buildout of AI tools and the data centers needed to support them will yield near-term profits.The consumer tech giant saw its market cap rise to more than $4.91 trillion, above Nvidia's $4.9 trillion at the time.Shares in the iPhone-maker pull...