Apple edged past Microsoft on Thursday to become the most valuable public company in the United States, as announcements made at its annual Worldwide Developers Conference including generative AI features for iPhones sent the stock climbing. Apple shares rose 0.6% on Thursday and have popped 8.8% so far this week. Microsoft shares rose 0.1% on Thursday. The iPhone maker’s comeback comes just a week after Nvidia on June 5 surpassed it to become the second-largest public US company. Although the partnership will likely give the company a much-needed boost, Apple aligning itself with a company and a technology that have yet to win public trust has raised criticism, especially for taking user inputs and incorporating them into ChatGPT’s data set.

Source: CNN June 13, 2024 22:31 UTC