"Apple's 2024 Stock Tumble Threatens Most-Valuable Company Crown Amid Tech Rout"

Apple's stock has experienced a significant drop, leading to a $164 billion loss in market value, which threatens its position as the world's most valuable company—a title it has held since July 2022. The decline comes after two analyst downgrades and concerns over reduced demand for iPhones in China. This decrease brings Apple's market value closer to that of Microsoft, which has seen a less severe stock decline and benefits from its association with the AI industry through its investment in OpenAI, the creator of ChatGPT.