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Apple Reclaims Title as World's Most Valuable Company, Surpasses Microsoft with $3.37 Trillion Valuation

Jun 12, 2024, 02:59 PM

Apple Inc. has reclaimed its position as the world's most valuable company, surpassing Microsoft Corp. This shift comes as Apple shares rose nearly 2% to $211.10, bringing its market valuation to $3.24 trillion. The resurgence is attributed to Apple's recent AI announcements at the Worldwide Developers Conference (WWDC24). Apple had previously lost the top spot to Microsoft but has now regained it, also surpassing NVIDIA in terms of capitalization. On June 12, Apple reached a $3.37 trillion market cap. The company's push towards artificial intelligence and innovative technology has been a significant factor in its market performance.