US-based tech giant Apple, which has long owned it”most valuable company in the worldlost its title. With the negative move in Apple’s stock succumbing to fluctuating global economic indicators, the Saudi Arabia-based oil company has aramcotook the top of Apple.

Apple stock has lost about 5% in the past twenty-four hours. This is the value of the company $2.37 trillion drawn. National Oil Company of Saudi Arabia With a valuation of 2.42 trillion It surpassed Apple. While the difference doesn’t seem to be huge, it seems that the situation between the sectors could keep Apple off the throne for a long time.

“Nothing Surprising”

Frankly, it’s not surprising that Apple has lost the title of the world’s most valuable company. Because the COVID-19 pandemic global balances it completely changed. It is a known fact that today there is a global economic crisis. These are the investors away from risky investments† The fact that oil is gaining value both during the pandemic and through the war between Russia and Ukraine has made Aramco the most valuable company in the world.

These are the 10 most valuable companies in the world as of right now:

• aramco: $2.42 trillion
• Apple: $2.37 trillion
• Microsoft: $1.95 trillion
• Alphabet: $1.50 trillion
• Amazon: $1.07 trillion
• tesla: 760 billion dollars
• Berkshire Hathaway: $688 billion
• Meta: 540 billion dollars
• Johnson & Johnson: $463 billion
• United Health: $456 billion