Daily TSX Market Open: Apple Tops Nvidia, Chip Stocks Slide as Coca-Cola Raises Outlook - July 28th WordPress Post Text Market Overview The TSX is up 0.56%, while the TSX Venture Index is sharply higher by 2.20%, as Canadian equities move higher despite renewed pressure across semiconductor names. U.S. markets are mixed, with the Dow up 0.65% while the Nasdaq falls 0.92% as chip weakness weighs on technology sentiment. London’s FTSE 100 is also higher, up 0.40%, as investors rotate through global equities following another volatile session. The macro backdrop remains uneven. Apple’s push to a new record is helping support mega-cap confidence, but the selloff in SK Hynix, Micron and other chip names is keeping the AI trade under pressure. Commodities are broadly weaker, with copper, gold, WTI crude and natural gas all lower, while Bitcoin is also down in Canadian-dollar terms as risk appetite remains selective. In the Headlines Apple becomes world’s biggest company again (AAPL) Apple, the consumer technology giant behind the iPhone, Mac and services ecosystem, hit a new record and passed Nvidia as the world’s largest company. Its market value also topped $5 trillion, making it only the second company to reach that milestone. SK Hynix leads chip selloff (SKHY) SK Hynix, the South Korean memory-chip maker and major supplier to the AI hardware market, fell sharply as the chip selloff deepened. Micron and other semiconductor names also came under pressure as investors reassessed AI-linked valuations. Coca-Cola raises guidance on stronger demand (KO) Coca-Cola, the global beverage company behind Coke, Diet Coke and other brands, raised its earnings guidance as demand remained resilient. Management highlighted renewed momentum in Diet Coke as a bright spot for the business.