Apple has once again become the most expensive company in the world

Apple has once again become the most valuable company in the world, surpassing the technology corporation Nvidia.

This was reported by Bloomberg.

As noted, Apple's market capitalization on October 30 reached $5.03 trillion, while for chip developer Nvidia this figure stood at $4.93 trillion. Previously, Apple had managed to surpass Nvidia at the end of July.

Bloomberg attributes Apple's reclaiming of the title of the most valuable company to investor concerns regarding investments in artificial intelligence. The iPhone maker's shares appear to them to be a more reliable investment, the agency notes.