WS #12334
Apple surpassed Nvidia in market value ($4.88T vs $4.86T) as investors rotate from AI infrastructure plays to companies that can monetize AI through services and hardware upgrades. Nvidia shares fell over 3%. Tech stocks sink as semiconductor sector enters bear market on AI worries, profit-taking, and concerns about AI competition from China and whether AI investment returns will meet expectations. BIS warns of overcapacity and growing debt in AI sector.
Apple Overtakes Nvidia as Most Valuable Company
Apple surpassed Nvidia in market value ($4.88T vs $4.86T) as investors rotate from AI infrastructure plays to companies that can monetize AI through services and hardware upgrades. Nvidia shares fell over 3%.
Tech stocks sink as semiconductor sector enters bear market on AI worries, profit-taking, and concerns about AI competition from China and whether AI investment returns will meet expectations. BIS warns of overcapacity and growing debt in AI sector.