In 2024, technology giants like NVIDIA, Microsoft, and Apple have seen shifts in their positions as the world’s most valuable companies. Recently, Apple reclaimed the top spot with a market value of $3.62 trillion, following a 2.5% increase in its stock price due to a favorable report from Morgan Stanley.
Apple is now the world’s most valuable company.
Apple’s stock surged by nearly 20% this year, hitting a peak of $236.30 per share and boosting the company’s market capitalization to $3.62 trillion, solidifying its position as the world’s most valuable company.
Innovations in AI have impacted the competition for market leadership in terms of value, with Microsoft and Apple making substantial investments in this field. Microsoft initially led the race due to its early AI initiatives, but Apple has now also embraced this trend of innovation.
Morgan Stanley predicts that Apple’s focus on AI will boost sales of its devices, particularly the upcoming iPhone 15 Pro and Pro Max models that feature Apple Intelligence technology, paving the way for strong sales of the iPhone 16 series.
Advances in AI, along with the anticipation surrounding the need for Apple Silicon chips in Macs, are creating high expectations. This shift has the potential to surpass Intel’s objectives by driving Mac upgrades and enhancements, thereby solidifying Apple’s standing in the technology industry.