Apple has displaced Microsoft to reclaim the title of world’s biggest company when measured by stock price,
On Wednesday, Apple took over from Microsoft after its announcements of AI features at its annual developers conference on Monday.
Apple lost the top spot in January as investors rewarded Microsoft’s unabashed rollout of new generative AI products under its Copilot brand.
However, at 15:30 GMT, Apple’s market capitalization stood at $3.33 trillion compared to Microsoft’s $3.26 trillion. Both shares are traded on the Nasdaq exchange in New York.
The iphone maker unveiled a new AI platform called Apple Intelligence that will be added to a new version of the iOS 18 operating system.
The technology will only be available on Apple’s highest-end hardware, forcing interested customers to pay premium prices to enjoy the AI.
Alleluia is the Assistant Editor and Content Writer at LagosPost.ng. She is a prolific writer and editor, she has written features and news stories on Lifestyle, Sports, Business, Politics and B2B marketing. She is also an event coordinator, host and social media content creator.
