Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference (WDC) in Cupertino, California on June 10, 2024. Photo: NIC COURY/AFP (Getty Images)In This StoryApple shares hit their highest price ever on Tuesday. Apple’s stock price finished the day at nearly $229, pushing the tech giant’s market capitalization to just over $3.5 trillion — the highest value any company has ever achieved.Suggested ReadingNvidia isn’t the top stock anymore. A strategist says buy this insteadSuggested ReadingWhile Apple had a rough start to the year, its stock price has soared since it unveiled its artificial intelligence initiative called Apple Intelligence in early June at its annual Worldwide Developers Conference. Apple was quiet on AI until the Apple Intelligence unveiling, but now the company is going all in. Apple is working with OpenAI to put ChatGPT on the next iPhone, iPad, and Mac operating systems, and last week it snagged an OpenAI board seat. Apple’s historic rival Microsoft also has a board seat at the AI startup.Apple and Microsoft have been neck-and-neck in the race to a seat as the world’s most valuable company over the last month. Microsoft’s major push into AI over the past year helped it surpass Apple’s market capitalization for the first time since 2021 in January.
Apple just became the first company ever to hit a $3.5 trillion market cap
