Apple has once again become the world's most valuable company
Apple has overtaken Nvidia to reclaim its status as the world's most valuable company. As of the close of trading on October 30, Apple's capitalization reached $5.03 trillion, while Nvidia's fell to $4.93 trillion.
Apple becomes the world's most valuable company again
Apple Corporation has regained its status as the world's most valuable company, surpassing Nvidia, Bloomberg reported.
On October 30, Apple securities fell by 1.2 percent, and at the close of trading, its capitalization stood at $5.03 trillion. Nvidia shares dropped even more — by 4.2 percent, valuing the company at $4.93 trillion. Prior to this, Apple had briefly overtaken Nvidia at the end of July.
According to Bloomberg, investors view the iPhone maker as a safer asset due to concerns related to artificial intelligence spending. The decline in share prices followed weak reports from Intel and Amazon. These results once again brought questions about the prospects of AI investments to the agenda. Bloomberg noted that Apple has largely abstained from such investments.
The agency noted that the free cash flows of Alphabet and Amazon turned negative due to AI expenses. Companies are increasingly raising funds from the debt market, while rising interest rates are making loans more expensive.
The Nasdaq 100 index lost 6.7 percent in October. This was its worst month since March 2025. Shares of CoreWeave and Nebius Group, which sell computing power for artificial intelligence, dropped by more than 30 percent in a month. Intel lost over 45 percent of its value in October.
Investors' concern in the technology market stems from the fact that huge investments and expenditures directed toward AI infrastructure have not yet significantly impacted the growth of corporate revenues.