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Apple regains title of world’s most valuable company — news agency

According to a report by Bloomberg, Apple’s market capitalization stood at $5.03 trillion on Friday

NEW YORK, October 31. /TASS/. US technology company Apple has once again become the world’s most valuable company, overtaking Nvidia, a US technology company specializing in graphics processing units and artificial intelligence, Bloomberg reported.

Apple’s market capitalization stood at $5.03 trillion on Friday, compared with $4.93 trillion for Nvidia, Bloomberg said. Apple last overtook Nvidia in late July.

Bloomberg attributed Apple’s return to the top spot to investor concerns about investments in artificial intelligence. The news agency noted that investors view shares of the iPhone maker as a more reliable investment.