WS #12358
Apple surpasses Nvidia as world's most valuable company ($4.88T vs $4.86T) as chip selloff continues; Philadelphia Semiconductor Index in bear market territory. Massive AI data center investment likely topping $700 billion this year poses inflation threat, potentially leading to Fed rate hikes.
MAG7 Divergence: Apple Surpasses Nvidia as Most Valuable Company
Apple surpasses Nvidia as world's most valuable company ($4.88T vs $4.86T) as chip selloff continues; Philadelphia Semiconductor Index in bear market territory.
Massive AI data center investment likely topping $700 billion this year poses inflation threat, potentially leading to Fed rate hikes.