Joe Rossignol
Big number lovers will be pleased to know that today Apple is once again a $3 trillion company, based on market capitalization, which is the total value of all of the company's outstanding shares. However, chipmaker Nvidia stole the moment.
Nvidia not only crossed the $3 trillion mark today . for the first time in history, but as of today's market close it has overtaken Apple to become the second most valuable company in the world, behind only Microsoft. Nvidia's share price has more than tripled over the past year amid strong demand for its artificial intelligence (AI) server chips.
In January 2022, Apple became the world's first $3 trillion company and crossed this mark several times. times since then. However, this is the first time Apple has fallen to third place in the ranking of the world's most valuable companies since 2019.
Apple is expected to unveil its own artificial intelligence strategy during its WWDC keynote next year. week, and iOS 18 is rumored to include a smarter version of Siri based on the Large Language Model (LLM) and many other new AI features. Apple has also reportedly partnered with OpenAI to integrate ChatGPT on the iPhone, but the exact implementation remains to be seen.
AAPL closed at $195.87 today, down from its 52-week high of $199.62 dollar.
Tags: AAPL, Nvidia[ 120 comments ]
