Weak sales dragging down Apple Inc. (AAPL.US) stock price, NVIDIA Corporation (NVDA.US) regains title as global market leader.

On Tuesday, the stock price of Apple Inc. (AAPL.US) further declined, continuing its recent downward trend, while at the same time, NVIDIA Corporation (NVDA.US) began to "overtake" Apple Inc. and once again become the player with the highest market value in the global stock market. In Tuesday's US stock trading, NVIDIA Corporation's market value exceeded $3.46 trillion, surpassing Apple Inc.'s market value of $3.33 trillion. As of the time of writing, NVIDIA Corporation rose 1.68% to $143.2 in after-hours trading, while Apple Inc. fell 2.7% to $222.03, even though the latter has bounced back from recent lows. The artificial intelligence chip manufacturer NVIDIA Corporation's market value had surpassed Apple Inc.'s in early November last year, but Apple Inc. reclaimed the top position later that month. On December 26th last year, Apple Inc.'s stock price hit a record high of $260.10, but has since dropped by approximately 15%. On Tuesday, after Jefferies Financial Group Inc. and Loop Capital downgraded Apple Inc.'s rating, the company's stock price fell by 4.6%. Jefferies Financial Group Inc. believes that due to the soft sales of Apple Inc.'s phones and the generally sluggish consumer electronics market, they downgraded the stock from neutral to underperform. It is reported that Apple Inc.'s first-quarter financial report will be released on January 30th. Earlier on Tuesday, Counterpoint Research stated that in the fourth quarter of 2024, iPhone sales in China suffered a "Waterloo", dropping by about 18%, while Chinese competitor Huawei took the top spot. The sluggish performance of the product in the Chinese market also led to a 5% decline in global sales, posing a challenge to iPhone sales. Meanwhile, on Tuesday, NVIDIA Corporation's stock price rose. Previously, UBS Group AG stated that they expect the company's latest Blackwell product line to bring in more revenue in the fourth quarter, reaching around $9 billion. Since NVIDIA Corporation released its last quarterly report in November of last year, the company's stock price has remained relatively flat.