Apple (AAPL) Stock Dethrones Nvidia as World’s Biggest Company After Tech Rout

TLDR Apple (AAPL) closed at $344.63, down 1%, but its $5.03 trillion market cap passed Nvidia’s $4.93 trillion. Nvidia (NVDA) fell 4% to $204.64 as the chip sector sold off. Intel (INTC) dropped nearly 29% in one session to $65.76. Alphabet fell 19% and Meta fell 15% over the past month. Apple is up 27% this year, more than double Nvidia’s gain. Apple (AAPL) closed at $344.63 on Friday, down $4.28 or 1%. Even so, the iPhone maker ended the day as the world’s most valuable public company. Its market cap finished at $5.03 trillion. Apple Inc., AAPL Nvidia (NVDA) took the other path. The stock fell 4% to $204.64, which pulled its value down to $4.93 trillion. That put Apple back in first place by about $100 billion.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to CoinCentral.