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Nvidia disclosed a 9.3% stake in Nebius. The neocloud stock surged after the filing, which follows the chipmaker's $2 billion investment commitment in March.

Apple briefly overtook Nvidia as the world's most valuable company again during Friday's trading session. The move came as semiconductor stocks fell and enthusiasm built around Apple Intelligence.

Apple overtook Nvidia as the world's most valuable company in Friday trading, its market cap now barreling toward $5T.

Nvidia lost $1 trillion in market value, returning its valuation to pre-AI boom levels, Bloomberg reports.

Nvidia shares declined on reports that DeepSeek is developing its own AI chip. SpaceX joins the Nasdaq-100 today, and Amazon plans to raise $25 billion through corporate bonds.

Micron, Intel and AMD added a combined $2 trillion in market value in the second quarter as investors rotated into AI chip stocks beyond Nvidia, per CNBC.