Apple is again the world’s most valuable company by market capitalisation after closing last week at $5.03 trillion, edging past Nvidia’s $4.93 trillion as a selloff across major technology shares shifted how investors rank the biggest listed firms.
Apple stock fell 1.2% in the move that still left it ahead on total value. Nvidia shares dropped more sharply, by 4.2%, cutting its valuation to $4.93 trillion. The gap of about $100 billion put Apple back on top among publicly listed companies by market value.
Why valuations flipped
Investors have grown more cautious about the cost of building artificial-intelligence (AI) infrastructure—the data centres, chips and power needed to train and run advanced software. That concern has drawn attention toward firms seen as having lighter near-term spending commitments, helping Apple regain the lead even while its own shares slipped.
The technology selloff deepened after updates from Intel and Amazon renewed doubts about when heavy AI investment will produce returns. Market attention has also turned to cash generation—how much money companies bring in from their businesses—and to borrowing needs tied to large AI projects.
How the year’s moves compare
Despite the latest weekly drop, Apple shares have climbed 27% this year and 3% in the past month. Nvidia, by contrast, is down 10% over the month. Alphabet and Meta also recorded monthly declines, underlining that pressure has spread beyond a single stock.
Taken together, the figures show a year in which Apple’s market value rose strongly while recent weeks punished names most closely tied to large AI outlays. That pattern helps explain how Apple became the most valuable company again on a week when both Apple and Nvidia shares fell, but Nvidia fell further.
What investors are watching next
For now, ranking by market capitalisation hinges on share prices as much as on long-term growth stories. If AI spending keeps raising questions about returns, cash flow and debt, relative valuations among the largest tech firms can keep shifting week to week.
Pakistan-based readers who follow global equities will see the same themes in overseas portfolios and fund reports: cost discipline, the timing of AI payoffs, and whether firms can fund big projects without weakening their balance sheets. Nothing in the latest close changes the underlying businesses overnight, but it does reset who sits first by market value among listed companies worldwide.
Aasan alfaaz mein
Apple ab dubara duniya ki sab se qeemti listed company ban gayi hai. Pichlay haftay us ki qeemat $5.03 trillion thi, Nvidia se thori zyada. Tech shares geeri hain kyunkay log AI par kharch ke faiday ka intezar kar rahe hain. Seedha matlab yeh hai ke bari tech companies ki ranking share price se badal sakti hai, lekin yeh rozmarra ke Pakistani bills ya petrol ke rates nahi badalta.
