New York CNN —
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’s market cap closed at roughly $3.29 trillion on Thursday, above Microsoft’s $3.28 trillion. 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.
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