Apple surpassed Nvidia during trading and became the world's most valuable company

Apple shares rose 0.4% at the opening bell on Friday, October 23, and reached a record high of $349.55. As a result, the iPhone maker topped the list of the world’s most valuable companies by market capitalization, surpassing Nvidia, according to Seeking Alpha.

According to the publication's calculations, Apple's market capitalization was approximately $5.101 trillion, compared with $5.064 trillion for Nvidia.

This news story is being updated.

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