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World’s most valuable company
May 17 , 2022
855 days
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- Oil giant Saudi Aramco has dethroned Apple Inc. to become the world’s most valuable company.
- Aramco traded near its highest level on record, with a market capitalization of about $2.43 trillion, surpassing that of Apple for the first time since 2020.
- The iPhone maker fell 5.2% to close at $146.50 per share, giving it a valuation of $2.37 trillion.
- However, the move proves short-lived.
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