Apple became the first company to reach a capitalization of $3,500 billion

Apple’s stock price began to rise sharply after it launched Apple Intelligence last month.

Apple’s stock price rose sharply, reaching a capitalization of $3,500 billion.

Apple just hit an all-time high in company value on July 10. They reached $232 per share at the end of the session, pushing the US tech giant’s total market capitalization to more than $3.5 trillion. This is an achievement that no other business in the world has ever achieved.

Apple got off to a rocky start earlier this year when a lot of bad news broke. iPhone sales fell sharply in China, Vision Pro glasses were not well received, and there were more sanctions from the EU. The situation began to change rapidly after the WWDC event in June. Here, the company introduced a new software suite for devices in the ecosystem and the Apple Intelligence tool.

The 5 companies with the largest capitalization in the world today. Photo: CompaniesMarketCap.

Apple also announced a partnership with OpenAI, bringing ChatGPT to iPhone, iPad, and MacBook operating systems. Just last week, multiple sources revealed that Apple also won a seat on the board of the AI start-up, although it does not own a stake. Microsoft, their major rival in the industry, is also in a similar position, through a huge investment from 2023.

These two businesses have been closely following the button in the battle for the position of the world’s most valuable company in recent months. Microsoft’s efforts in the AI war helped them surpass Apple for the first time since 2021 in January. Apple took its place after the event in June.

The tug-of-war has the participation of NVIDIA when they also reached a capitalization of more than 3,000 billion on June 6. By June 20, this semiconductor company officially occupied the position of the world’s most valuable company at $3,340 billion.

Forecasts show that the Big-3 including Apple, Microsoft and NVIDIA will soon reach a capitalization of $4 trillion. In particular, Apple is the enterprise with the potential to achieve this figure the earliest. The 5 companies with the largest capitalization in the world today are all American bigtech. However, the gap between the top 3 and Alphabet and Amazon is more than $1 trillion.

TSMC, Apple’s major chip manufacturing partner, NVIDIA has also become a favorite name for investors. In the midst of the AI craze, the shares of this business have also risen sharply recently. TSMC quickly surpassed the $1 trillion market capitalization, shortly after Morgan Stanley joined the list of securities companies that raised TSMC’s target price.

According to Bloomberg, TSMC ADRs shares soared 4.8%, reaching an important milestone of $1,000 billion, as soon as the market opened on July 8 (US time). This milestone brings the semiconductor manufacturer’s stock price growth this year to more than 80%.

Previously, in June, the Taiwan-based chipmaker surpassed Berkshire Hathaway to become the 8th most valuable company in the world.