Currently the second largest company in the world in terms of market capitalization, Apple (NASDAQ:AAPL) remains a core portfolio holding for most active and passive investors alike. That's because, given how most index funds and retirement portfolios are constructed,

Nvidia is once again the most valuable U.S. company, outranking Apple for the first time since late November. A rise in the chip maker's stock meant it ended Tuesday with a market capitalization of $3.

Apple (AAPL), and the stock has lost over 11% so far, extending its drawdown from all-time highs to over 14%. It also lost its status as the world’s largest company to Nvidia (NVDA), whose share have looked unstoppable over the last few years.