Apple reclaimed the title of the world's most valuable company on Friday, overtaking Nvidia as investors grew more confident in its AI strategy.
Shares of Nvidia were down as much as four percent as worries about the valuation of artificial intelligence equities dogged the market, giving the company a valuation of about $4.8 trillion (€4.2 trillion), slightly below Apple's $4.9 trillion (€4.3 trillion).
The company later clawed back the losses, with Apple and Nvidia trading neck and neck for the top spot.
Nvidia's stock has soared more than 1,200% since January 2023, climbing from a split-adjusted $14.86 (€13.00) to about $205 (€179.30) by mid-July 2026. The company carried out a 10-for-1 stock split in June 2024.
Nvidia became the world's most valuable company in 2025, driven by the AI boom sparked by the launch of ChatGPT in November 2022.
