From BigGo Finance · BigGo Finance · · 1m
Apple Beats Nvidia in U.S. Market Valuation
Apple overtakes Nvidia to become U.S. market leader with $5.12 trillion valuation.
In brief
Apple overtakes Nvidia to become U.S. market leader with $5.12 trillion valuation. Apple reclaimed the largest U.S. stock market valuation at $5.12 trillion after surpassing Nvidia's $5.10 trillion in early trading on Oct. 23. Originally reported by BigGo Finance.
Apple overtakes Nvidia
Apple shares rose 0.84% to $351.132, giving it a total market value of $5.12 trillion and edging past Nvidia's $5.10 trillion.
Recent performance divergence
Over the past 20 trading sessions, Apple gained 4.4% while Nvidia fell 6%; over the past month, Nvidia is down 7.3% and Apple is up 2.5%.
AI investment impact
Investor attention to returns on artificial intelligence investment continues to intensify, and tech stocks are diverging.
Meta's AI spending
Meta's free cash flow turned negative for the first time since 2012 due to aggressive AI spending.
iPhone demand for foldable
Dan Ives noted 375 million iPhones have gone more than four years without an upgrade, supporting demand for the new foldable Duo through 2027.
The takeaway
Apple reclaimed the largest U.S. stock market valuation at $5.12 trillion after surpassing Nvidia's $5.10 trillion in early trading on Oct. 23.
