Apple unseats Nvidia to become world's most valuable company as AI bets shift

Apple overtook Nvidia on Friday, July 17, 2026, to become the world’s most valuable company. Apple reached a $4.88 trillion valuation as investors reassessed AI trends. Toni Meadows said, "Apple is better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades." This shift shows changing confidence in earnings.