Apple reclaims the title of the most valuable U.S. company
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Apple's market valuation leapfrogged Nvidia's Monday for the first time since May 2025.
Why it matters: It's another sign that investors are keeping some distance from companies making giant bets on AI infrastructure — even longtime favorites like Nvidia.
Catch up quick: Since peaking back in May, Nvidia shares have lost about $950 billion in market capitalization as part of a roughly 17% price slide, as investors have rotated out of high-flying chip names.
- Apple, meanwhile, started to gain momentum in early July as traders sought shelter from the AI pain.
Between the lines: Apple got flak last year for its seeming lack of an ambitious AI strategy.
Yes, but: Now, investors seem newly appreciative of the iPhone maker's cautious approach to the technology, which emphasizes its control over the devices where people will interact with other AI products, rather than rushing to spend hundreds of billions of dollars on data centers.
The bottom line: Apple may still have a bit of juice left.
