Apple unseats Nvidia to become world's most valuable company as AI bets shift

Apple was last valued at $4.88 trillion as its shares held steady, while Nvidia was roughly at $4.86 ​trillion, following a 3.5% decline. The shift in the pecking order illustrates that investors are broadening their focus beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which had been at the helm for nearly a year. Apple is reclaiming the top spot for the first time since April last year.