Apple briefly becomes the world's most valuable company, surpassing Nvidia

cnbc.com

Apple briefly reached a $5 trillion market capitalization for the first time on Tuesday, surpassing Nvidia to become the world's most valuable company. The iPhone maker's stock has surged 25% this year, outpacing rivals. This rally comes as investors question the heavy spending and debt taken on by other tech giants for AI development. Apple's stock performance has improved despite price increases on its devices due to a global memory shortage. CEO Tim Cook will step down on September 1.


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