Technology
Apple edges past Nvidia as investors favour the lighter spender
Apple closed Friday with a market value of $5.03 trillion, overtaking Nvidia at $4.93 trillion to reclaim the title of the world's most valuable listed company for the first time since late July. Apple fell 1.2% and Nvidia 4.2% in a session that punished AI-linked names after disappointing results from Intel, Amazon, Alphabet and Meta. Apple's shares are up 27% this year, the strongest of the largest US technology groups, on comparatively restrained capital spending.