American Technology Giant Apple Loses Its Title to Aramco

Tech giant Apple fell from the top. Popular American company Apple lost the seat of "The most valuable company in the world" to Saudi Arabia's national oil company Aramco after 2 years.

American technology giant apple loses its title. It was noted that Apple investors sold shares in technology companies and invested in assets they saw as safer. Saudi Arabia's national oil and natural gas company Aramco has surpassed the technology giant by taking the seat of the world-famous technology giant Apple, which has been at the top with the title of "The most valuable company in the world" for almost 2 years. Apple shares fell more than 5 percent in New York on Wednesday, closing the trading day with a stock market valuation of $2.37 trillion. In this way, the title of the world's most valuable company became the oil and gas producer Saudi Aramco, or officially Saudi Arabian Oil Company, with a value of $ 2.42 trillion. The sale of shares began According to the news published by the BBC, investors continue to sell their shares in technology companies as they move to assets they see as less risky.