00:00Apple has reclaimed the title of the world's most valuable company,
00:04overtaking NVIDIA as investors grow more cautious about the artificial intelligence boom.
00:09Apple's market capitalisation rose to a record $4.95 trillion on Monday.
00:17Apple has gained ground through 2026, with its shares up 24% since the start of the year,
00:24compared with 4% for NVIDIA.
00:26The iPhone maker has also benefited from resilient device demand
00:30and investor support for its more cautious approach to AI spending.
00:34NVIDIA, the biggest beneficiary of the AI investment search,
00:38saw its shares fall 5% on Monday, cutting its market value to around $4.78 trillion.
00:44The shift comes as investors question whether massive spending on AI infrastructure
00:50will deliver enough returns.
00:52Unlike many of its biggest tech rivals, Apple has chosen to rent computing capacity
00:57rather than build large-scale AI infrastructure of its own.
