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Apple reclaimed the world's most valuable company title from NVIDIA as investors rotate from AI infrastructure stocks. Apple gained on China approval for Apple Intelligence and an HSBC upgrade, while…
Analysts highlight Apple's strategy of letting rivals invest heavily in AI R&D before acquiring or adopting the best resulting models, with HSBC upgrading to Buy citing a strong cycle ahead.
Apple overtook Nvidia as world's most valuable company at $4.9T market cap, driven by China Apple Intelligence approval, HSBC upgrade, and AI monetization optimism, while chip stocks broadly declined…