AI Summary
Apple has reclaimed the title of world's most valuable company with a market valuation of $4.9 trillion, surpassing NVIDIA. The overtaking comes as NVIDIA's position as the leading company was challenged, despite the chipmaker's critical role in powering artificial intelligence development.
This article first appeared on GuruFocus.Apple (NASDAQ:AAPL), the iPhone maker, has reclaimed its position as the world's most valuable company after overtaking NVIDIA (NASDAQ:NVDA), a chipmaker whose processors are used by major artificial intelligence developers. NVIDIA shares fell…