Apple has overtaken Nvidia to become the world's most valuable company, reclaiming the market capitalization crown from the AI chip giant. Apple's shares climbed 1%, pushing its valuation to $4.95 trillion, while Nvidia's shares fell 5% on Monday, reducing its market cap to $4.77 trillion. This shift marks a reversal after Nvidia had held the top spot since June 2025 [1].
Meanwhile, SpaceX has experienced a significant decline, losing more than $1.2 trillion in market value since its shares peaked at $225.64 last month. On Monday, SpaceX shares fell for the 13th session out of the last 16, dropping more than 1% to close at $113.50 [1].
In the energy sector, oil prices tumbled sharply following reports that Iran would suspend attacks as long as the U.S. maintains a pause in hostilities. Brent crude fell 8.7% to close at $88.36 a barrel, while U.S. West Texas Intermediate crude slipped 0.62% in early Tuesday trade after tumbling 7.5% on Monday. Oil was trading nearly 1% lower in Asia [1].
The geopolitical situation remains tense, with the U.S. reportedly facing reduced munitions stockpiles, influencing military decisions in the Middle East. President Donald Trump, however, dismissed concerns about ammunition shortages, stating, "We have a lot of ammunition, different types" [1].
CONCLUSION
Apple's return to the top spot as the world's most valuable company highlights shifting investor sentiment in the tech sector, while Nvidia's pullback and SpaceX's sharp decline underscore ongoing market volatility. The sharp drop in oil prices reflects easing geopolitical tensions between the U.S. and Iran, though uncertainty remains. Overall, these developments signal significant market movements across technology and energy sectors.