US Stock Market Move | The world's largest market capitalization company changed hands! NVIDIA Corporation (NVDA.US) fell more than 3%, and its market value was surpassed by Apple Inc. (AAPL.US)

On Friday, as AI technology stocks continued to be sold off, Apple Inc. (AAPL.US) surpassed NVIDIA Corporation (NVDA.US) in market value and reclaimed the global number one spot after three months. Apple Inc. relied on its recent strong rally, pushing its market value up to about $4.90 trillion, reclaiming the top spot in global market value. It is worth noting that Apple Inc. has seen a cumulative increase of 22.8% since the beginning of the year, while NVIDIA Corporation opened with a drop of over 3%, further reducing its market value to about $4.84 trillion. Analysis points out that Apple Inc. has not joined the AI arms race, but has borrowed from the operating philosophy of John D. Rockefeller's Standard Oil company. At least in terms of stock performance, this strategy seems to be working. Many on Wall Street see that because Apple Inc. has chosen to control AI spending, it has become a "counter-AI trade." This strategy contrasts sharply with other members of the "tech seven giants." Companies like Alphabet, Microsoft Corporation, Amazon.com, Inc., and Meta are investing billions of dollars in the AI field. Apple Inc.'s current approach is quite similar to Rockefeller's strategy when he started his business in the mid-19th century. Rockefeller knew the high risks of oil exploration, so he let other speculators bear the high exploration costs while focusing on the refining process. Now, Apple Inc. is also letting other tech giants bear the huge costs of AI research and development. They are waiting for the industry landscape to clear up, then selecting the best models and quickly integrating them into their own ecosystem.