Apple regains top spot as world’s most valuable company

Apple surpassed Nvidia to become the world's most valuable company, with a market capitalization of $4.88 trillion compared to Nvidia's $4.86 trillion. The milestone comes as CEO Tim Cook is set to hand over the reins to John Ternus in September. Apple recently unveiled a revamped Siri with AI capabilities, shifting investor sentiment. Third-quarter earnings are scheduled for release on July 30.