Apple overtakes NVIDIA to become world's most valuable company as AI sell-off deepens

Apple surpassed NVIDIA to become the world's most valuable company after around three months. Shares of Apple fell 1.2% on Friday, resulting in a market capitalisation of $5.03 trillion, while NVIDIA dropped 4.2% to close with a valuation of $4.93 trillion. The reversal came amid a global sell-off in AI-linked stocks as investors questioned the sustainability of massive AI spending.