If Apple overtakes Nvidia, it would reclaim the top spot for the first time since April last year. The close race shows that investors are broadening their focus beyond the obvious beneficiaries of the AI boom, such as Nvidia, which has been at the helm for nearly a year. Apple was last valued at $4.90 trillion as its shares rose marginally in premarket trading on Friday, while Nvidia was roughly at the same level, following a 2.4% decline.

If Apple overtakes Nvidia, it would reclaim the top spot for the first time since April last year. The close race shows that investors are broadening their focus beyond the…

Some analysts say Apple is sitting on an AI gold mine in the form of the personal data that lives on every iPhone, but such data is locked away in the name of privacy.

Apple Inc has once again become the world's most valuable company, overtaking Nvidia after the chipmaker's shares fell sharply on Friday, according to a Bloomberg report.