Apple lost ground after its sales outlook missed Wall Street estimates amid component shortages, allowing NVDA to retake the top market-value spot.
Nvidia regained the title of the world’s most valuable company after Apple shares fell 9%. The drop in Apple came after its sales outlook missed Wall Street estimates amid component shortages, shifting the market-cap lead back to NVDA. The move highlights how earnings guidance and supply-chain constraints can quickly reshape leadership among the largest U.S. technology stocks.