In a dramatic shift at the top of the financial food chain, Apple has officially overtaken Nvidia to reclaim its crown as the most valuable publicly traded company on earth. The surge came during Friday’s trading session as investor enthusiasm reached a fever pitch, sending Apple shares climbing past the 351 dollar mark and propelling the tech giant’s total market capitalization to an unprecedented 5.12 trillion dollars.

This milestone comes on the heels of high anticipation surrounding the launch of the latest iPhone duo, which analysts believe is driving a fresh wave of optimism regarding consumer demand and hardware innovation. While Nvidia had previously held the lead thanks to the explosive growth of artificial intelligence chips, Apple’s ability to leverage its massive ecosystem once again proved decisive in this battle for global dominance.

Nvidia now slides into second place with a valuation hovering around 5.06 trillion dollars, closely trailed by Google in third. Despite slipping from the top spot, both companies remain titans of industry, but Apple’s crossing of the five trillion dollar threshold marks a historic moment for Wall Street and signals a renewed confidence in the luxury smartphone maker’s long term strategy.