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Apple's market valuation leapfrogged Nvidia's Monday for the first time since May 2025.
Why it matters: It's another sign that investors are keeping some distance from companies making giant bets on AI infrastructure — even longtime favorites like Nvidia.
Catch up quick: Since peaking back in May, Nvidia shares have lost about $950 billion in market capitalization as part of a roughly 17% price slide, as investors have rotated out of high-flying chip names.
