India, July 17 -- On Friday, Apple Inc. (AAPL) briefly snatched the title of the world's most valuable company, surpassing NVIDIA Corporation (NVDA).
Apple's market cap hit around $4.88 trillion, just ahead of Nvidia's $4.86 trillion, after Nvidia's stock dipped by about 3.5 percent. This shift marked Apple's first return to the top spot since April 2025, putting an end to Nvidia's reign as the most valuable company that started back in June 2025.
So far this year, Apple shares have jumped 22 percent, outpacing the broader market as investors reacted positively to the company's AI efforts, its relatively low capital spending, and a robust product lineup.
Just last month, Apple rolled out a long-awaited update to Siri, aiming to better co...