Apple Inc.AAPL
Mentioned
Impact on assets 4
Artificial Intelligence
Financials
HSBC Holdings PLCHSBA
Mentioned
HSBC Holdings PLCApple reclaimed its position as the world's most valuable company on Friday, overtaking Nvidia as its market capitalization climbed to $4.9 trillion against the AI chipmaker's $4.8 trillion. Nvidia stock fell about 3.5% on Friday, pulling its market value below Apple's, while Apple stock held steady to slightly higher. The two companies have followed strikingly divergent trajectories in 2026: Apple is up roughly 22-23% this year, leading all Magnificent Seven members, while Nvidia has added only around 7%. Nvidia had occupied the top spot on global market-cap rankings since last June, when it overtook Microsoft, and Apple is reclaiming the top spot for the first time since April 2025. The shift reflects a broader rotation among technology investors, with Wall Street growing less enthusiastic about companies at the center of the AI infrastructure buildout, and the Philadelphia SE Semiconductor Index down nearly 19% from its all-time highs.
HSBC Holdings PLC