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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.