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Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

"Apple" Breaks Record as Most Valuable Company with $3.506 Trillion


Thu 11 Jul 2024 | 12:00 AM
Taarek Refaat

"Apple" broke its previous record for the largest company in the world in terms of market value, after it now sits alone on the throne amid the decline of competitors "Microsoft" and "Nvidia".

Apple's market value reached $3.506 trillion, a level that no company in history has ever reached before.

Shares increased its gains for the year 2024, as the stock rose by more than 17% since the beginning of the year, supported by its recent disclosures during the developers’ conference about its efforts in the field of artificial intelligence and its adoption of an open model to all companies that develop generative AI applications.