On Friday Apple (AAPL.O) overtook NVIDIA (NVDA.O) as the world's most valuable company. Apple's intraday market value stood at $4.88 trillion; NVIDIA shares fell 3.5%, putting its market value at about $4.86 trillion. The ranking change reflects investors re-evaluating which firms benefit from the AI boom beyond the most obvious winners and is the first time Apple has held the top spot since April last year. Tony Meadows, chief investment officer at BRI Wealth Management, said Apple had been vie

On Friday Apple (AAPL.O) overtook NVIDIA (NVDA.O) as the world's most valuable company. Apple's intraday market value stood at $4.88 trillion; NVIDIA shares fell 3.5%, putting its market value at about $4.86 trillion. The ranking change reflects investors re-evaluating which firms benefit from the AI boom beyond the most obvious winners and is the first time Apple has held the top spot since April last year. Tony Meadows, chief investment officer at BRI Wealth Management, said Apple had been viewed as an AI laggard for not investing in model development but market sentiment has shifted; he said Apple's lower capex dependence and its ability to monetise AI through services, ecosystem lock‑in and hardware upgrades supports a valuation reset that reflects confidence in earnings sustainability rather than speculative AI upside.