BlockBeats reports,October 31, according to BIT data from a stock platform, Apple (AAPL.O)'s market capitalization at Friday's close reached 5030000000000 USD, surpassing Nvidia (NVDA.O)'s 4930000000000 USD, making it the world's most valuable publicly listed company.
This was Apple's first time surpassing Nvidia again since the end of July. Apple's share price fell 1.2%that day, while Nvidia's fell 4.2%. Recent earnings performances from Intel (INTC.O) and Amazon (AMZN.O) have intensified market concerns about the returns on AI's massive capital expenditures, while Alphabet (GOOG.O) and Meta Platforms (META.O) had also previously faced sell-offs.
By contrast, Apple's relatively restrained infrastructure investment and strong free cash flow have enabled it to demonstrate relative resilience amid the technology-stock correction. Apple's share price has risen 27%since the start of this year, while Nvidia has fallen by more than 1 over the past 10%.
Original link https://m.theblockbeats.info/flash/374748
Key points
01
BIT Stock platform data shows that Apple's market capitalization at Friday's close was 5030000000000 USD。
02
Nvidia's market capitalization at Friday's close was 4930000000000 USD。
03
Apple's share price fell 1.2%that day, while Nvidia's fell 4.2%。
04
Apple surpassed Nvidia again for the first time since the end of July.
05
Apple's share price has risen 27%since the start of this year, while Nvidia has fallen by more than 1 over the past 10%。
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This means that Apple's current market capitalization ranking exceeds Nvidia's. The report also said that Apple's relatively restrained infrastructure investment and strong free cash flow have enabled it to demonstrate relative resilience amid the technology-stock correction.
Why it matters to readers
Large technology stocks have diverged in performance, while the market is also monitoring the returns on massive artificial-intelligence-related capital expenditures.
Market capitalization reflects the market's assessment of a publicly listed company's overall value, but rankings may change with share-price movements.
Risks and unknowns
The report's data was provided by BIT a stock platform; the data methodology and the persistence of the market-capitalization ranking still require further verification.
Concerns about the returns on AI capital expenditures may continue to affect the performance of related technology stocks.
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Related concepts
Market Capitalization
A metric for the total value of currently tradable tokens calculated at current prices.
