Apple reclaims title of world's most valuable company as Nvidia stock drops 8%

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โดย The Motley Fool·Read original

Summary · why it matters

Apple has regained its position as the world's most valuable company, overtaking Nvidia after its stock gained 27% over the past three months while Nvidia's fell 8%. Nvidia had held the top spot for most of 2025, but market concerns about the sustainability of AI spending have weighed on chip stocks. Despite Nvidia's status as the gold standard for AI development and continued massive investments from hyperscalers like Amazon and Alphabet—each planning around $200 billion in AI infrastructure spending in 2026—investors are pricing in a potential slowdown in revenue growth. Nvidia trades at 19 times trailing-12-month sales, and CEO Jensen Huang projects total AI spend of $1 trillion next year, rising to $3 trillion to $4 trillion by the end of the decade, with Nvidia expecting $1 trillion in revenue from its Blackwell and Rubin lines from 2025 through 2027. The market's shift suggests investors should temper near-term expectations for Nvidia stock.