AI-powered Apple overtakes Microsoft as world’s most valuable company

Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft’s market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months.

At Apple’s annual developer conference on Monday, executives, including CEO Tim Cook, touted how voice assistant Siri would be able to interact with messages, emails, calendar as well as third-party apps. The tech giant has trailed rivals such as Microsoft and Google-owner Alphabet in the red-hot field of AI, a reason why its shares underperformed this year compared to its peers.

AI chip leader Nvidia, which briefly overtook Apple’s market value last week, is up a whopping 154% this year. Nvidia last had a market value of $3.11 trillion.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market today: Nasdaq closes at record high, meme stocks surge again ahead of inflation dataMeme stocks soared again as US equities more broadly stayed muted in the countdown to fresh inflation data and a Jerome Powell speech.
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »

Microsoft's ChatGPT-4o integration, ethereum surge, retail earnings: Market DominationOn today's episode of Market Domination, Yahoo Finance Hosts Julie Hyman and Josh Lipton break down some of the trading day's biggest stories and the AI...
Fonte: YahooFinanceCA - 🏆 47. / 63 Leggi di più »