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Apple surpasses Microsoft as most valuable company
Apple reclaimed the title of the world's largest company by market cap after an artificial intelligence-heavy conference sparked investor enthusiasm.
Apple CEO Tim Cook attends the annual developers conference event at the company's headquarters in Cupertino, California, on June 10, 2024. Apple surpassed Microsoft on Wednesday to become the most valuable company in the world, after it announced its push into artificial intelligence during its developers conference keynote on Monday. Investors, after digesting Apple's expansive plans for artificial intelligence across its family of devices, sent shares surging more than 7% to a record high on Tuesday.
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