nuOct 30, 2026, 21:38

Apple overtakes Nvidia to become world's most valuable public company

Apple has surpassed Nvidia to become the world's most valuable public company, achieving a valuation of 5 trillion dollars compared to Nvidia's 4.9 trillion. This shift follows a tech sell-off triggered by disappointing earnings reports from companies like Intel and Amazon, which raised concerns about the profitability of artificial intelligence investments.

Apple has reclaimed the title of the world's most valuable publicly traded company, surpassing chipmaker Nvidia after a volatile day on Wall Street. While Apple shares dipped by 1.2 percent, the company maintained a market valuation of 5 trillion dollars, edging ahead of Nvidia, which saw its value drop to 4.9 trillion dollars following market fluctuations.

The decline in tech stocks was largely triggered by disappointing quarterly earnings reports from major players like Intel and Amazon, following earlier weak results from Alphabet and Meta. These lackluster performances have stoked investor anxiety regarding whether heavy capital expenditure in artificial intelligence will yield expected returns. By largely avoiding aggressive AI investments, Apple is currently viewed by many market participants as a safer alternative during this period of sector-wide uncertainty. This shift in valuation marks the second time this year that Apple has overtaken Nvidia, following a similar brief lead in July.

Economy Business Technology

Read original ↗

Based on reporting by nu. Translated and condensed by LocalHeadlines.

Volkswagen pauses development of electric Golf due to lack of funds

Volkswagen has suspended the development of the electric Golf due to financial difficulties and a challenging market, aiming to secure investment before proceeding. The company recently reported a 5.8 billion euro loss and is shifting focus to meeting production targets for other new electric models.

Hack and billion-dollar heist at Binance show who is really in control of your crypto

Billions of euros in cryptocurrency were stolen from the exchange Binance in a major hack, raising concerns about the centralized security of digital assets. While the platform has promised to reimburse customers, the incident underscores the vulnerability of storing funds in exchange-held wallets rather than personal hardware devices.

BYD promises much faster electric car charging: within 10 minutes

BYD is launching a high-speed "Flash Charging" network in the Netherlands capable of charging compatible electric vehicles from 10 to 97 percent in under ten minutes. The company plans to deploy seventy chargers at dealerships and highway locations by the end of next year to improve charging efficiency and reduce driver range anxiety.

We are Googling less due to new chatbots, major tech companies take a hit on the stock market

Google's parent company, Alphabet, suffered a record-breaking stock market decline as the rise of AI chatbots reduces traditional search engine usage and advertising revenue. In response, Google plans to integrate advertisements into its AI-generated search results while facing intense pressure from global technological competition.

AI experiences remarkable ‘crash’ on Chinese stock markets, what about here? ‘This looks a lot like the dot-com bubble’

Chinese technology markets have experienced a significant decline in value since the summer, with AI-related firms losing approximately 40 percent of their worth. Analysts are drawing comparisons to the historic internet bubble, raising questions about whether global markets might face a similar downturn.