● Covered by 1 source · 1 reportMedium impact1 neutral
Apple surpasses Nvidia to become world's most valuable company
Key points
- Apple's market cap reached $5.12 trillion.
- Apple stock traded above $351 per share.
- Nvidia previously held the top spot.
- iPhone Duo launched on the same day.
Apple Reclaims Top Valuation Spot
Apple has become the world's most valuable company by market capitalization, reaching approximately $5.12 trillion. This development saw Apple's stock trade above $351 per share, establishing a new intraday trading record for the company.
Surpassing Nvidia
This shift means Apple has overtaken Nvidia, which previously held the position as the company with the highest market capitalization. Google now follows Apple and Nvidia in valuation.
Coincides with iPhone Duo Launch
The change in market leadership occurred on the same day as the release of Apple's new foldable smartphone, the iPhone Duo. The iPhone Duo is priced at $2000.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Apple's market capitalization reached $5.12 trillion, making it the most valuable company globally, surpassing Nvidia. This occurred on the release day of the iPhone Duo, with Apple's stock trading above $351 per share.