Apple reclaims the title of world's largest company by market capitalization from Nvidia

Apple has dethroned Nvidia to once again become the world's most valuable company, as investors reassess their bets on artificial intelligence.

The throne of global market capitalization has changed hands. Apple has reclaimed the top spot among the world's most valuable companies from Nvidia, a move that reflects a repositioning of investors towards stocks related to artificial intelligence.

Nvidia had achieved this leading position thanks to the massive market demand for graphics chips essential to AI infrastructures. The Santa Clara-based company had thus overtaken Apple in previous quarters, driven by explosive demand for its H100 processors and their successors.

Apple's return to the top reflects a shift in expectations: after a phase of rushing on component manufacturers, markets now seem to be focusing more on players capable of monetizing AI with the general public, a segment where Apple, with its ecosystem of more than a billion active devices, has a distinct positioning.