The Globe and Mail reports in its Saturday edition that Apple overtook Nvidia on Friday to become the world's most valuable company, reshuffling the top ranks of tech heavyweights as investors reassess the outlook for artificial intelligence. A Reuters dispatch to The Globe says Apple was last valued at $4.88-trillion (U.S.) as its shares held steady, while Nvidia was at $4.86-trillion (U.S.) following a 3.5-per-cent decline. The shift in the pecking order illustrates that investors are broadening their focus beyond the most obvious beneficiaries of the AI boom, such as Nvidia, which had been at the helm for nearly a year. Apple is reclaiming the top spot for the first time since April last year. "Apple was seen as a laggard in the AI race because it wasn't spending to develop models, but now sentiment has changed," said Toni Meadows at BRI Wealth Management. "Apple is less exposed to capex intensity and better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades. The re-rating reflects confidence in earnings durability rather than speculative AI upside." Apple was often seen trailing in the AI race. Now the company is establishing itself more firmly among the sector's leading players.