Chinese AI Claims Top 1–5 Spots in Global Token Usage... Nvidia Dethroned as Market Cap Leader

Chinese AI models have swept the top 1 to 5 spots in global token usage, driven by overwhelming price competitiveness.

On the 28th (local time), Apple became the second company ever after Nvidia to surpass the $5 trillion market cap threshold during intraday trading. However, on the same day, semiconductor stocks collectively fell due to concerns about a 'rotation' in Nvidia, reversing market momentum.

According to Counterpoint Research on the 29th, Apple's smartphone shipments in China increased by 23% year-on-year in the second quarter. During the same period, total smartphone shipments in China fell by 2%. Apple captured an 18% market share, placing it in second position.