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Apple closed with a market capitalization of 5.03 trillion US dollars on Friday, surpassing Nvidia's 4.93 trillion US dollars to become the listed company with the highest market capitalization in the world. This is the first time since the end of July that Apple has surpassed Nvidia. Apple shares fell 1.2% and Nvidia fell 4.2% on the same day. The recent financial performance of Intel and Amazon has heightened market concerns about the return on AI's huge capital expenditure, and Alphabet and Meta Platforms have also previously been sold off. In contrast, Apple's relatively restrained infrastructure investment and strong free cash flow made it show relative resilience in technology stock adjustments. Apple's stock price has risen 27% since this year, while Nvidia has dropped more than 10% in the past month.
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Apple closed with a market capitalization of 5.03 trillion US dollars on Friday, surpassing Nvidia's 4.93 trillion US dollars to become the listed company with the highest market capitalization in the world. This is the first time since the end of July that Apple has surpassed Nvidia. Apple shares fell 1.2% and Nvidia fell 4.2% on the same day. The recent financial performance of Intel and Amazon has heightened market concerns about the return on AI's huge capital expenditure, and Alphabet and Meta Platforms have also previously been sold off. In contrast, Apple's relatively restrained infrastructure investment and strong free cash flow made it show relative resilience in technology stock adjustments. Apple's stock price has risen 27% since this year, while Nvidia has dropped more than 10% in the past month.
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