Get the latest tech news

Apple tops Microsoft, regains title of world's most valuable company

Apple's market value topped Microsoft's for the first time in five months, allowing the tech giant to reclaim the title of world's most valuable company after its stock rose on AI news.

At Apple's annual developer conference on Monday, executives including CEO Tim Cook touted how AI will help voice assistant Siri better interact with messages, emails, calendars and third-party apps. TickerSecurityLastChangeChange % AAPL APPLE INC.213.07+5.92+2.86%Market analysts praised the announcements, saying the new AI-enabled features will help drive iPhone sales and will boost the tech giant after it had been perceived as trailing behind its rivals in the AI race. "All those questions about Apple lagging from an AI technology standpoint were answered at the Worldwide Developers Conference," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.

Get the Android app