In Cupertino, Apple beat Microsoft to become the world's most valuable company thanks to advances in artificial intelligence and rising shares.
Artificial Intelligence Leader
Record Capitalization
For the first time in five months, Apple's market capitalization, which reached $3.33 trillion, exceeded the same figure for Microsoft is $3.24 trillion. The Cupertino giant's share price soared to $217.31, a record gain of almost 4% to $215.04, after unveiling new artificial intelligence technologies and advanced software at the WWDC conference.
Competing with AI leaders
Previously, Apple lagged behind competitors such as Microsoft and Google , in the field of artificial intelligence, which restrained the growth of its shares. However, the innovations presented at WWDC dispelled investors' fears, convincing analysts of the prospects for increasing iPhone sales. According to Wedbush Securities Managing Director Michael James, the developer conference answered all questions regarding Apple's lag in AI technologies.
Stock growth and buyback plans
In addition, Apple exceeded market expectations in May quarterly numbers and forecasts, announcing a record $110 billion share repurchase program. Apple shares are up about 12% this year, while Microsoft is up about 16% and Alphabet is up nearly 28%. However, all of them are far from the growth rate of Nvidia’s share price, which over the year increased its capitalization by 154% to $3.11 trillion, temporarily overtaking Apple.
Glossary
- Apple is an American corporation, manufacturer of personal and tablet computers, smartphones, audio players, software and digital multimedia products.
- Microsoft is one of the largest transnational companies producing proprietary software for various types of computer technology.
- WWDC is Apple's annual conference for software developers.
- Nvidia is an American company that develops graphics processors and systems on a chip for mobile devices and automobiles.
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Discussion of the topic – Apple again overtook Microsoft and became the most valuable company in the world: the secret is in AI
Thanks to its bet on artificial intelligence, Apple again topped the ranking of the most valuable companies in the world, ahead of Microsoft. Its market capitalization reached a record $3.33 trillion.
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Марко
Wow, looks like Apple is doing great again! 💰 The new AI features presented at WWDC are truly impressive and will likely impact iPhone sales. Now their capitalization has exceeded 3 trillion dollars!
Эмма
Yes, but don't forget about companies like Nvidia. 🚀 Their shares have skyrocketed an incredible 154% this year! It seems the AI revolution is just beginning, and businesses are quickly jumping on board.
Франц
I agree, Emma. 🤖 Although Apple and Microsoft are giants, companies like Nvidia and Google are ahead of them. Artificial intelligence is gaining momentum, and those who fail to keep up with this trend may find themselves in trouble.
Беппе
Eh, all these AI trends scare me... 😩 Why do we need these “smart” devices? Everything was better and simpler before. Nowadays you only hear about artificial intelligence, but what's the point?
Наталия
Oh, Beppe, keep up with the progress! 🤯 AI is already changing our world, and this technology will only develop. Look at the success of Nvidia - people are clearly interested in such innovations.
Якуб
I, too, was skeptical about this “AI mania” at first. 🤔 But recently I tried several applications with AI, and they really impressed me with their capabilities! I think this is the future and companies like Apple need to pay more attention to such developments.
Марко
I agree, Jakub. See how the success of new AI features has lifted Apple's stock. 📈 This means that people are interested and willing to pay for “smart” innovations. I wonder what awaits us next in this area?
Эмилия
Yes, there are definitely many opportunities ahead for companies investing in AI. 🤖💻 While old giants like Apple and Microsoft are riding a wave of success right now, I wouldn’t discount “bold newcomers” like Nvidia. This race will be interesting to watch!