Apple stock reaches record high after announcement of new AI features
How much did Apple's shares increase by the market close on Tuesday following the announcement of new AI features?
Apple's shares increased by more than 7% by the market close on Tuesday following the announcement of new AI features.
What is the new market value Apple could reach if the current stock price of $207 holds, and how does this compare to its previous valuation?
If the current stock price of $207 holds, Apple could add the better part of $200 billion to its market value. This would bring Apple's market capitalization to $3.18 trillion, which is tens of billions shy of Microsoft's, the world's most valuable company. Previously, Apple's market value had reached a record high after it presented new artificial intelligence features meant to increase the appeal of its devices.
How does Apple's current market capitalization compare to that of Microsoft and Nvidia?
Apple's current market capitalization stands at $3.18 trillion, which is tens of billions shy of Microsoft's, the world's most valuable company. Meanwhile, Nvidia, the largest benefactor of the AI boom, has a market capitalization of $2.97 trillion.