Apple is the most valuable company in the world, again
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King of the (Stock) World: After ceding its Wall Street crown to Nvidia, Apple has reclaimed the title of the world's most valuable public company, and the shift says as much about the mood on Wall Street as it does about Apple itself. Investors are growing wary of the AI infrastructure race that's driven tech valuations for years, and they're rewarding the one Big Tech giant that largely sat it out.
The timing adds extra stakes, too. Tim Cook is preparing to step down soon, and the incoming CEO is expected to preserve the same approach to market and financial management that defined Cook's tenure, the very discipline investors now appear to be betting on.
Apple's stock rose 1% this week to push its market cap to roughly $4.9 trillion, while Nvidia's shares...
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