Nvidia Briefly Drops Below Apple As Most Valuable Company

Nvidia briefly lost its crown as the world’s most valuable publicly traded company to Apple early Friday, amid the latest selloff in semiconductor shares and doubts that the AI boom can keep pace.

Shares of Nvidia were down as much as four percent as worries about the valuation of artificial intelligence equities dogged the market, giving the company a valuation of about $4.8 trillion,…