Apple becomes the world's most valuable company again
Following the announcement of its new artificial intelligence initiatives, Apple has surpassed Microsoft's market value to once again become the world's most valuable company.
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Shares of Apple, traded on the Nasdaq stock exchange, gained over 4 percent as of 20:00 TSI on Wednesday, rising to 215.62 dollars per share. With the rise in its shares, the company's total market value reached 3.31 trillion dollars.
Thus, by surpassing Microsoft's market value of 3.27 trillion dollars, Apple has reclaimed the title of the world's most valuable company.
INTRODUCED ARTIFICIAL INTELLIGENCE TECHNOLOGY
At the beginning of the week, Apple introduced its new artificial intelligence technology, which it calls "Apple Intelligence," and announced a partnership with OpenAI for the integration of the chatbot ChatGPT into its smart personal assistant, Siri.
Following the announcement of its new artificial intelligence moves, Apple's shares had risen by more than 7 percent on Tuesday.