Apple closes in on Nvidia in race for world's most valuable company

Apple is nearing a $4.90 trillion valuation, potentially surpassing Nvidia in the race for the world’s most valuable company. The shift reflects investor confidence in Apple’s AI monetization strategies through services and hardware, despite Nvidia’s dominance in AI-related chip sales. Apple’s recent Siri overhaul and data-driven AI ambitions contrast with Nvidia’s ongoing benefits from generative AI demand.