Apple Inc. is closing in on Nvidia Corp. in market capitalization, narrowing the gap that has defined the technology sector's hierarchy over the past year.
The shift comes as investors weigh Apple's upcoming launch of its first foldable iPhone against Nvidia's continued dominance in artificial intelligence infrastructure.
MarketWatch reported the development, highlighting how the Cupertino-based firm is poised to reclaim its title as the largest U.
MarketWatch reported the development, highlighting how the Cupertino-based firm is poised to reclaim its title as the largest U.S. company by market value.
The narrowing valuation gap reflects a broader rotation in tech sentiment.
While Nvidia remains the primary beneficiary of AI spending, its stock has faced volatility amid sector-wide sell-offs.
Apple, by contrast, is gaining traction on the promise of a new hardware category that could drive a significant upgrade cycle.