NVIDIA takes the crown from Apple as most valuable company
Posted: Jan 21, 2025
- Nvidia (NVDA) reclaimed its title as the world's most valuable public company
- Apple's stock (AAPL) slid, resulting in Nvidia holding a higher market cap of $3.45 trillion compared to Apple's $3.33 trillion
- Jefferies downgraded Apple's stock rating to "Underperform" due to weak iPhone demand and expectations of missing earnings
- Demand for Apple's rumored iPhone SE 4 is cautious, and analysts expect limited hardware upgrades and weak sales for the new model
- iPhone shipments were down around 4% year over year, with sales in China seeing a significant decline.
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