Apple No Longer World’s Most Valuable Co.

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  • Oil giant Saudi Aramco is now the world’s most valuable company.
  • It surpassed Apple on Wednesday.

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm.

Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading in the U.S. on Wednesday, is now worth $2.37 trillion.

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