Largest company by market cap on August 31Apple has overtaken Nvidia as the world’s most valuable company, with its market capitalization reaching between $4.95 trillion and just over $5.0 trillion after Monday’s market close. AdvertisementKey TakeawaysApple’s market capitalization surpassing Nvidia’s suggests a potential shift in market sentiment, with implications for Nvidia’s future standing. The valuation dynamics between Apple and Nvidia reflect broader market concerns, including AI infrastructure costs and upcoming earnings reports. What to WatchMarket participants will be closely observing Nvidia’s upcoming financial results and any announcements regarding AI infrastructure investments, which could impact its market position. Additionally, Apple’s performance in its forthcoming earnings report may further influence its market valuation.