Apple Regains Title as World’s Largest Company, Overtaking Nvidia in Market Value

Nvidia shares are down more than 3.1 percent in early trading in New York on Friday, while Apple is down 0.9 percent.

The iPhone maker's market capitalization now stands at $5.047 trillion, while chip giant Nvidia's has fallen to $4.997 trillion.

Broad declines are characterizing trading on US stock exchanges on Friday, following quarterly reports from major AI companies in recent days.