New Delhi, July 17 -- Chipmaking giant Nvidia, one of the 'Magnificent Seven' stocks, lost its position as the world's most valuable company to Apple in Friday's trading session following a fresh selloff in semiconductor stocks.

Nvidia, which had held the top spot since May 2025, saw its shares tumble 3.7% on Friday, reducing its market capitalisation to around $4.8 trillion. In contrast, Apple shares rose 0.4%, lifting the iPhone maker's valuation to approximately $4.9 trillion.

Apple has benefited from a broader rotation within the technology sector, as investors shift away from companies heavily exposed to artificial intelligence (AI) infrastructure spending.

Nvidia came under pressure after reports that Chinese AI startup Moonshot ...