Apple no longer world’s most valuable company ...News

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Apple no longer world’s most valuable company
Oil giant Saudi Aramco has taken the top spot Oil giant Saudi Aramco eclipsed Apple to become the world’s largest firm by market capitalization, media reports, citing data from Refinitiv. Aramco’s market valuation reached just under $2.43 trillion on Wednesday against Apple’s $2.37 trillion, data shows. Apple’s shares dropped more than 5% during trading in the US on Wednesday, while losing nearly 20% since its $182.94 peak on January 4. Investors are promptly selling off technology stocks amid the unstable economic environment, with hiked interest rates, soaring inflation, and supply chain problems. Energy stocks

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