Apple Reclaims World's Most Valuable Company Title as Market Cap Nears USD 5 Trillion; Nvidia Slips Nearly 5%

Apple's shares rose 1.17% to close at a record USD 336.91, giving a market cap of approximately USD 4.95 trillion.

Nvidia fell 4.99% to USD 196.51, reducing its market value to around USD 4.76 trillion.

Apple reclaimed the title of world's most valuable listed company, overtaking Nvidia.

Apple's measured AI spending approach has gained favour with investors, unlike rivals' heavy capital expenditure.

Nvidia's decline came amid concerns over artificial intelligence infrastructure spending and profit booking.