Apple Beats Microsoft to Become the World's Most Valuable Company
On Wednesday, Apple Inc. once again claimed the title of the world's most valuable company, dethroning Microsoft from the top spot. The iPhone maker's push to dominate artificial intelligence (AI) technology has played a crucial role in this achievement. Apple's shares surged nearly 4% to a record high of $215.04, elevating its market valuation to $3.29 trillion, surpassing Microsoft's $3.24 trillion market cap for the first time in five months. This significant stock surge coincides with the tech-heavy Nasdaq hitting a record high, spurred by fresh signs of cooling inflation. Apple's impressive performance came after it unveiled a range of AI-enabled features and software enhancements for its devices, a move that analysts believe will drive iPhone sales. The unveiling took place at Apple's annual developer conference, where executives, including CEO Tim Cook, highlighted the enhanced capabilities of voice assistant Siri, which will now be able to interact w...
