Following WWDC 2024’s Apple Intelligence announcements, Apple’s stock price continued to rise and overtook Microsoft to reclaim its position as the most valuable company in the world.
After Apple announced during its Worldwide Developers Conference (WWDC) that it would be bringing a slew of new AI-powered features to its platforms under the name of Apple Intelligence, its stock price surged and led to it once again overtaking Microsoft to become the world’s most valuable company.
Microsoft last claimed the title from Apple in January 2024, hitting the $3 trillion market cap in the process, and the two have traded places over the years following different significant product announcements and financial reports, which resulted in substantial rises in their stock prices.
