Apple market cap reaches $3.5 trillion with AI advancements, surpassing Microsoft

From Quartz: 2024-07-09 17:00:00

Apple’s stock price soared to nearly $229, hitting a market capitalization of over $3.5 trillion – the highest value any company has ever achieved. Apple unveiled its artificial intelligence initiative, Apple Intelligence, at the Worldwide Developers Conference, solidifying its position in AI technology and surpassing Microsoft as the world’s most valuable company in terms of market capitalization. Analysts predict Apple, Nvidia, and Microsoft could reach $4 trillion market capitalizations in the coming year, raising the question of which tech giant will reach this milestone first.



Read more at Quartz: Apple market cap hits $3.5 trillion as AI boosts the stock