Apple Reclaims Most Valuable U.S. Company Title as Nvidia Loses $950B Since May Peak

NVDA0.60%
Since peaking in May, Nvidia shares have declined roughly 17%, losing about $950 billion in market capitalization as investors rotated out of high-flying semiconductor stocks. Apple gained momentum in early July as traders sought refuge from AI-related losses, reclaiming its position as the most valuable U.S. publicly traded company.
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