Reported 7 months ago
On June 10, 2024, at its annual WWDC developer conference in California, Apple announced the integration of its AI capabilities into various apps and Siri, and the adoption of the ChatGPT AI system. Fueled by the AI trend, Apple's stock soared, briefly surpassing Microsoft to reclaim the top global position in market value before closing second. Despite rising 4% intraday and maintaining a 2.86% increase on June 12, Apple's market value settled at $3.27 trillion, while Microsoft, following a 1.94% increase, stood at $3.28 trillion, retaining its first-place position. NVIDIA, at third place, also surged due to the AI trend, boasting a market value of $3.08 trillion. Tesla, however, experienced a decline, dropping 28.6% year-to-date, but closed on the 12th with a 3.88% increase. There is anticipation for Tesla's crucial shareholder vote on Elon Musk's proposed $500 billion compensation, which a Delaware court recently rejected, prompting Tesla to seek shareholder support for overturning the decision.
Source: YAHOO