Apple overtakes Nvidia as world's most valuable company amid tech selloff

Apple returned to the top spot among listed companies by market value, closing last week at $5.03 trillion, according to Profit by Pakistan Today. Nvidia’s valuation was $4.93 trillion after its shares fell 4.2%, while Apple stock slipped 1.2%. Investors’ concerns about the cost of artificial-intelligence infrastructure have shifted attention towards companies with lower spending commitments.

The technology selloff deepened after updates from Intel and Amazon renewed questions about when heavy AI investment will produce returns. Apple shares have climbed 27% this year and 3% in the past month, while Nvidia is down 10% over the month; Alphabet and Meta also recorded monthly declines. The report links the changing valuations to investor focus on cash generation, borrowing needs and the timing of returns from AI projects.