The chip company lost stock market value, while Apple gained – Analysts see too high expectations of Nvidia
Apple Overtakes Nvidia as World's Most Valuable Company
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Summary
Apple has replaced Nvidia as the most valuable company in the world. The chip company lost massively in recent trading days, while Apple gained. According to analysts, expectations of Nvidia were too high, which led to price losses. Sam Stovall of CFRA Research said the bar was so high that it could only go down.
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“The bar is too high, so it can only go down,” said Sam Stovall of investment research firm CFRA Research.
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Apple is once again the most valuable company in the world.
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