Investing.com -- Apple Inc (NASDAQ:AAPL) reclaimed its position as the world's most valuable publicly traded company on Friday, edging past NVIDIA Corporation (NASDAQ:NVDA) as mounting skepticism surrounding aggressive artificial intelligence spending prompted a rotation into more capital-disciplined balance sheets. Even with a 1.2% dip on the day, the iPhone maker closed with a market capitalization of $5.03 trillion, while a 4.2% slide in Nvidia lowered the chipmaker's valuation to $4.93 trillion. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » The milestone marks the first time Apple has surpassed Nvidia since a brief stint in late July.
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