Apple (NASDAQ: AAPL) stock hovered slightly lower premarket on Monday after briefly overtaking Nvidia as the world's most valuable company, propelled by investor preference for its consumer monetization model over high-cost chip infrastructure.

There's more than one type of crown jewels.

Shift in pecking order illustrates that investors are reassessing outlook for artificial intelligence

Apple surpassed Nvidia to become the world's most valuable company as investors shifted focus toward AI monetisation, services and ecosystem growth.