After briefly being replaced by Nvidia as the second most valuable company on the planet, Apple has now taken the top spot after a share price surge following its WWDC announcements this week.
The WWDC event saw Apple announce iOS 18 as well as software for the iPad, Mac, Apple Watch, iPad, Apple TV, and Apple Vision Pro. But it's the launch of Apple Intelligence that has everyone talking.
Now, it appears that Apple Intelligence may have been enough to put Apple back on top of the world after it overtook Microsoft as the world's most valuable company.
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Reuters notes that Apple's share price jumped almost 4% to a record $215.04 which in turn gave it a market capitalization of $3.29 trillion. Microsoft's own market cap comes in at $3.24 trillion, although we can surely expect more fluctuations in the coming days and weeks.
Apple was thought to have fallen behind in the new AI world but the unveiling of Apple Intelligence appears to have been enough to get the market back onside. Apple Intelligence is a collection of AI-powered features that will change the way people use their iPhones, iPads, and Macs including upgrades to Siri and more.
None of these new features will be available until this fall and even then, Apple intends to label Apple Intelligence as a beta. The initial launch will also be limited to those who use the U.S. English language although more languages will come online in the months following the initial launch, we're told.
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