Topline
Apple became the world’s largest company on Friday, overtaking Nvidia following a slide in shares for the AI bellwether and as the iPhone maker accelerates its plans for the growing technology.
The iPhone maker is once again the world’s largest company by market value.
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Key Facts
Shares of Nvidia dropped by 3.9% shortly after trading opened Friday, lowering the company’s market valuation to about $4.82 trillion.
That pushed Apple, whose shares decreased by less than one-tenth of a percentage point, ahead of Nvidia as the world’s largest firm by market capitalization at $4.88 trillion.
This is a developing story.