Apple is approaching its position as number one on Wall Street.
The iPhone manufacturer's share received a significant boost on Wall Street on Tuesday – a rebound upwards after the initial disappointment over the iPhone manufacturer's new major investment in artificial intelligence.
The Apple share lifted by 7.3 per cent to a new record level in Tuesday's stock exchange trading. The technology giant thereby consolidated its second place in terms of market value on Wall Street with a valuation of 3,176 billion dollars (approximately 33,250 billion kronor).
The share price increase is the largest for the Apple share on a trading day since November 2022. And the gap to number one – Microsoft – is now "only" just under 40 billion dollars.
Number three on Wall Street is one of the rocket shares in the AI wave: the semiconductor manufacturer Nvidia with a stock market value of 2,974 billion dollars.
Since the turn of the year, Apple – including the lift on Tuesday – has risen by 7.6 per cent. Microsoft is up 15.1 per cent, while Nvidia – one of this year's rocket shares – has increased its stock market value by over 144 per cent.
Apple's CEO Tim Cook presented the company's new AI initiatives on Monday, including a partnership with Open AI and upgrades to the digital assistant Siri and other new AI tools for users of Apple's operating system.
Apple, with its new record high, is now more than twice as valuable as all the shares on the Stockholm Stock Exchange combined.
