New Delhi, Aug. 1 -- Apple's latest earnings reignited the race for the world's most valuable company, briefly pushing it ahead of Nvidia before the AI chipmaker reclaimed the crown days later. The changing rankings bring an even debate to the table - which is worth more, a company that's sitting out Big Tech's mega AI spending spree or a company that's fueling it?

Here's how the world's two most valuable companies are approaching the AI boom differently.

Apple makes the iPhones, Macs and other devices that billions of people use to access AI chatbots and other AI tools. But it is accused of failing in the AI race.

"Apple will spend a little over $11 billion on capex this year, with $3.4 billionin the June quarter, while each of its hy...