Apple surpassed Nvidia and returned to being the world's most valuable company

Apple surpassed Nvidia and returned to being the world's most valuable company, with a market value of $5.03 trillion compared to Nvidia's $4.93 trillion. Intel crashed 28.6% in its worst trading day since 1974.

Apple returned to being the world's most valuable company after surpassing Nvidia on Friday. Apple's stock fell 1.2% and its value stood at $5.03 trillion, while Nvidia's stock plunged 4.2% to a value of $4.93 trillion. The reversal occurred amid sharp sell-offs in chip stocks, with Intel leading the declines with a 28.6% plunge in its worst trading day since 1974, wiping out $138 billion from its market value. In third place is Microsoft with a value of $3.88 trillion, followed by Alphabet (Google) with $3.44 trillion, and Amazon with $2.60 trillion. The top ten is rounded out by TSMC, SpaceX, Tesla, Meta, and Broadcom.