BUZZ-Apple tops Nvidia as world's most valuable company

NVIDIA Corporation
Apple Inc.

NVIDIA Corporation

NVDA

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Apple Inc.

AAPL

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Updates

** Apple AAPL.O overtook Nvidia NVDA.O to become the world's most valuable company, with a market value of about $4.88 trillion versus NVDA's $4.86 trillion after the chipmaker declined 3.5%

** iPhone maker was trading marginally up at $334.46 in early trading

** The move marks Apple's first return to the top spot since April last year

** Earlier on Friday, HSBC upgraded Apple to "buy" from "neutral"; raised PT to $366 from $260, representing a ~10% upside to the stock's last close

** As of last close, AAPL up 22.58% YTD


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