by Joe Rossignol
Apple's stock price continues to surge following its WWDC keynote this week, where it introduced an Apple Intelligence suite of AI features coming to the iPhone, iPad, and Mac. In intraday trading today, Apple overtook Microsoft to become the world's most valuable company again, but the two tech giants may trade places throughout the day.
Apple's stock crossed the $200 mark and set a new all-time high on Tuesday, and it has rose another 3% today as of writing. Generative AI has been a buzz topic for investors since ChatGPT debuted in 2022, and Apple finally unveiling its own strategy for the technology has likely contributed to this surge.
Apple Intelligence features will allow users to summarize text, create custom emoji and images, receive priority notifications, and more. Siri is also getting smarter with Apple Intelligence, with richer language understanding and more per-app controls. The features will require an iPhone 15 Pro or newer, or a Mac or iPad with an M1 chip or newer.
Apple had a market cap of $3.28 trillion as of writing, compared to $3.25 trillion for Microsoft.
Tag: AAPL
[ 95 comments ]
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Top Rated Comments
JordanCautious
5 days ago at 07:15 am
And all it took was adding a calculator to the iPad ?
Score: 18 Votes (Like | Disagree)
NEPOBABY
5 days ago at 07:50 am
And I own both companies! I bought MSFT when Windows 3 came out. I bought Apple when Jobs was reinstated as CEO. I bought Nvidia in 2022.And I don't give a damn what any MacRumors trolls think about it. I retired in 2014, and I'm never gonna have to work again.
Why are you on forums? If I was retired with mills in stock I'd be hand building a clay oven to make traditional pizzas in the middle of the countryside and going fishing. Last thing I would do is talk to strangers online :P
Score: 9 Votes (Like | Disagree)
sniffies
5 days ago at 06:53 am
As it should be.
Score: 8 Votes (Like | Disagree)
vtrautia
5 days ago at 06:57 am
With microsoft help ? (funded open ai)
Score: 8 Votes (Like | Disagree)
Wojtek487
5 days ago at 07:10 am
Microsoft was first? Why? They did nothing since 2000s
What Apple did since 2000s? Nothing.
Score: 8 Votes (Like | Disagree)
TheMountainLife
5 days ago at 07:22 am
Microsoft was first? Why? They did nothing since 2000s
You're kidding right?
As it should be.
Both companies are after different markets. Consumer business is more profitable for Apple and enterprise business is more profitable for Microsoft.
Personally I find it odd to compare the two but whatever generates news clicks I guess.
Score: 7 Votes (Like | Disagree)
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