Apple introduced its new software and Apple Intelligence artificial intelligence at the WWDC 2024 event held the other day. The company’s new products have contributed to its stock value. Apple, which has been second on the list of the most valuable companies for a while, has finally reclaimed the top spot.
The List of the Most Valuable Companies Has Changed
As of today, Apple’s stock price has started to rise again. Benefiting from its AI strategy, the company’s market value has reached $3.28 trillion, surpassing Microsoft, which has a market capitalization of $3.27 trillion.
At the event held on Monday, Apple introduced generative AI technologies that will allow iPhone, iPad, and Mac users to summarize texts, create custom emojis, and generate images. It also announced that Siri would gain support from ChatGPT-4.
Apple Intelligence features will be available on iPhone XS and newer models, as well as on Macs and iPads supported by the M1 chip and more powerful silicon. This means a new era will begin for Apple devices in the coming months.
The updated list of the most valuable companies is as follows:
- Apple
- Microsoft
- NVIDIA
- Alphabet (Google)
- Saudi Arabian Oil
- Amazon
- Meta Platforms
- Berkshire Hathaway
- Taiwan Semiconductor Manufacturing (TSMC)
With its stock price reaching an all-time high and its market value exceeding $3.28 trillion, Apple has once again become the world’s most valuable company. However, the competition between these two tech giants is likely to continue in the coming days, depending on stock prices.
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