Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

The Rise of Apple: How AI is Shaping the Future of the Tech Giant

Daniel Kim Views  

After five months, Apple has reclaimed its position as the world’s largest company by market capitalization. Amid a fierce battle for the top spot between Apple and Microsoft Corporation, Nvidia is hot on their heels.

On the 13th, Apple’s market capitalization closed at approximately $3.29 trillion on the New York Stock Exchange.

Apple has reclaimed the top spot after five months, surpassing Microsoft’s market cap of $3.28 trillion.

Apple’s stock has risen 8.8% this week following the announcement of its first AI system, Apple Intelligence, on the 10th.

Nvidia briefly surpassed Apple to become the second-largest company by market cap earlier this month, leading many to predict that the AI race-lagging Apple would struggle to regain the top spot. Currently, Nvidia ranks third in market cap, following Microsoft.

At the annual Worldwide Developers Conference (WWDC) that kicked off on the 10th, Apple announced its AI strategy and decided to integrate OpenAI’s ChatGPT with iPhone’s voice assistant Siri.

Experts believe that Apple, currently embroiled in risks related to China, can revive iPhone sales through AI integration. However, as Apple prioritized user safety and anonymity, the company could face issues related to privacy breaches. CNN reported, “This partnership could revive Apple, but there is criticism about partnering with a company and technology that have yet to gain public trust.”

Apple’s recent announcement to buy back a record $110 billion worth of company shares is affecting investor sentiment. Investors are optimistic that Apple will use most of its share buyback budget. Last year, Apple spent over $81.8 billion on share buybacks.

The race for the top spot in market cap between Apple, Microsoft, and Nvidia is expected to continue. Nvidia’s stock price has risen over 8% in the past five trading days, closely trailing Apple and MS.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Tesla Cybertruck Outsells Ford F-150 Lightning in May
  • U.S. vs. China: How Biden's New Rule Crashed the NASDAQ
  • SpaceX and X to Call Texas Home, Musk Blames California Law
  • Cathie Wood Bets Big on Nuclear Future, Invests $2.4 Million in Oklo
  • Elon Musk's Public Support for Trump Sends Tesla Shares Skyrocketing
  • Trump Shooting Caused 10% Surge in Chinese Tech Company

Weekly Best Articles

  • Could We Run Out of Ketchup? California Drought Threatens Tomato Supply
  • 4 Easy Tips to Keep Your Corn Freshness All Summer Long
  • How Regular Sauna Use Can Help Control Menopause Weight Gain
  • 10 Do’s and Don’ts of Peroxide Soda: Safety Tips You Need to Know
  • Passenger Forced to Pay $700 for Reclining His Seat on a Train – Here’s Why
  • 10 Easy Hacks to Prevent Armpit Sweat and Smell
  • Why You’ll Never See Trash at Disneyland: The 30-Foot Rule
  • Hollywood’s Next Big Hits: Top 10 Upcoming Movies You Can’t Miss
  • Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!
  • Tesla Cybertruck Outsells Ford F-150 Lightning in May
  • First-of-its-Kind Suicide Capsule to be Used in Switzerland
  • South Korea’s Loudspeaker Attack Has North Korea on Edge

You May Also Like

  • 1
    Hollywood's Next Big Hits: Top 10 Upcoming Movies You Can't Miss

    ENTERTAINMENT 

  • 2
    Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!

    LIFESTYLE 

  • 3
    First-of-its-Kind Suicide Capsule to be Used in Switzerland

    DEBATE 

  • 4
    South Korea's Loudspeaker Attack Has North Korea on Edge

    ASIA 

  • 5
    Russia Hints at Nuclear Options in Response to U.S. Missile Plans in Germany

    WORLD 

Popular Now

  • 1
    Young Chinese Pay $1,500 to Play War Games in Russia For Fun – Here’s Why

    DEBATE 

  • 2
    Trump's Win Could Spell Disaster for China's Economy

    DEBATE 

  • 3
    They Started as Brothers and Ended Up Sisters — Here’s How

    LIFESTYLE 

  • 4
    Is This the End of Biden’s Run? Top Democrats and Obama Weigh In

    WORLD 

  • 5
    Dubai Princess Drops Divorce Bomb on Instagram Just Months After Baby's Birth

    LIFESTYLE 

Weekly Best Articles

  • Could We Run Out of Ketchup? California Drought Threatens Tomato Supply
  • 4 Easy Tips to Keep Your Corn Freshness All Summer Long
  • How Regular Sauna Use Can Help Control Menopause Weight Gain
  • 10 Do’s and Don’ts of Peroxide Soda: Safety Tips You Need to Know
  • Passenger Forced to Pay $700 for Reclining His Seat on a Train – Here’s Why
  • 10 Easy Hacks to Prevent Armpit Sweat and Smell
  • Why You’ll Never See Trash at Disneyland: The 30-Foot Rule
  • Hollywood’s Next Big Hits: Top 10 Upcoming Movies You Can’t Miss
  • Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!
  • Tesla Cybertruck Outsells Ford F-150 Lightning in May
  • First-of-its-Kind Suicide Capsule to be Used in Switzerland
  • South Korea’s Loudspeaker Attack Has North Korea on Edge

Must-Reads

  • 1
    Hollywood's Next Big Hits: Top 10 Upcoming Movies You Can't Miss

    ENTERTAINMENT 

  • 2
    Barcelona Bumps Up Tourist Tax: Travel Just Got Pricier!

    LIFESTYLE 

  • 3
    First-of-its-Kind Suicide Capsule to be Used in Switzerland

    DEBATE 

  • 4
    South Korea's Loudspeaker Attack Has North Korea on Edge

    ASIA 

  • 5
    Russia Hints at Nuclear Options in Response to U.S. Missile Plans in Germany

    WORLD 

Popular Now

  • 1
    Young Chinese Pay $1,500 to Play War Games in Russia For Fun – Here’s Why

    DEBATE 

  • 2
    Trump's Win Could Spell Disaster for China's Economy

    DEBATE 

  • 3
    They Started as Brothers and Ended Up Sisters — Here’s How

    LIFESTYLE 

  • 4
    Is This the End of Biden’s Run? Top Democrats and Obama Weigh In

    WORLD 

  • 5
    Dubai Princess Drops Divorce Bomb on Instagram Just Months After Baby's Birth

    LIFESTYLE 

Share it on...