Saudi Arabian energy giant Aramco has taken the top spot amid a broad sell-off of technology stocks.
It is the first time that Aramco has held the top spot since 2020. Shares in energy producers have risen this year as the cost of crude oil and natural gas have gone up.
The technology-heavy Nasdaq closed 3.2% lower in New York on Wednesday after official data showed that US inflation remained near a more than 40-year high. Central banks around the world have responded to the problem by raising interest rates, which has triggered a move out of riskier investments over concerns that the higher cost of borrowing will slow down economic growth.
The move out of what are seen as risky assets also helped to push the price of Bitcoin below $27,000.
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