Apple has reclaimed its place as the world’s most valuable listed company, pushing past Nvidia as its shares hit record highs on Friday. Apple stock climbed above $351 during the session, lifting its market value to about $5.12 trillion. Nvidia slipped to second place with a valuation near $5.06 trillion, followed by Google. The change in rankings reflects diverging recent performance. Apple shares have gained about 3% over the past month, while Nvidia has dropped 6% as investors grow wary of heavy AI spending. The rally coincided with the global release of the iPhone Duo, Apple’s first foldable phone, priced at around $2,000. Apple and Nvidia remain the only two companies to have crossed a $5 trillion market value.
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