Apple Overthrows Nvidia to Reclaim Wall Street's Crown

Apple reclaimed the title of most valuable publicly traded U.S. company, briefly overtaking Nvidia as investors rotated toward consumer-facing execution and away from the volatility of the AI hardware boom. Apple’s market cap reached $4.9 trillion, versus Nvidia’s $4.8 trillion. The move reflects renewed confidence in Apple’s ecosystem, resilient iPhone demand, and its ability to monetize users through high-margin services and add-ons. The article notes that Apple’s March-quarter sales and continued strength of the iPhone 17 lineup helped accelerate the stock’s climb. While Nvidia remains central to AI infrastructure spending, concerns that the AI build-out may not continue at last year’s pace have weighed on sentiment, making Apple’s steadier growth profile more attractive to investors.