Link CopyTwitterLinkedinWhatsappApple Overtakes Nvidia At $4.96 Trillion As AI Spending Fears GrowApple ended July 27 as the world’s most valuable listed company, about $168 billion ahead of Nvidia. The ranking says as much about concern over AI financing as it does about demand for the iPhone 17.Apple reclaimed the title of the world’s most valuable public company at the July 27 US close, finishing with a market capitalisation of about $4.96 trillion against Nvidia’s $4.79 trillion. Apple gained 1.2 per cent as Nvidia fell 5.1 per cent, turning a narrow contest into a $168 billion lead. The reversal amounts to a market vote for Apple’s cash-rich, relatively light-infrastructure approach to artificial intelligence and against the financial exposure Nvidia may assume while helping customers fund vast data-centre projects.How did Apple become the world’s most valuable company again?Apple gained the title through a combination of its own record share price and a sharp Nvidia sell-off. At $336.91 per Apple share and $196.51 per Nvidia share, the respective market values stood at approximately $4.96 trillion and $4.79 trillion after Monday’s close.About The AuthorAt heart, I am a storyteller drawn to the watershed moments that bend the technology landscape. I braid narrative with data, humanise statistics, and trace the arc from first spark to world-changing impact. My reportage, features and reviews are witty, sardonic, visual and vivid, using anecdote to illuminate rather than eviscerate.