16:31 - 10.07.2024

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July 10, Fineko/abc.az. Apple became the first company with market capitalization of $3.5 trillion.

The tech giant's stock price has risen sharply since it presented Apple Intelligence last month.

Apple shares reached the highest level in history the day before. Apple's share price ended the day at almost $229, bringing the tech giant's market capitalization to over $3.5 trillion - the highest any company has ever achieved.

Despite the fact that Apple had a difficult start to the year, its share price has risen sharply since the company unveiled its artificial intelligence initiative at the annual Worldwide Apple Intelligence Developer Conference in early June. Prior to the presentation of Apple Intelligence, the corporation had hardly spoken about AI, but now the company is going all in. Apple is working with OpenAI to implement ChatGPT into the following operating systems iPhone, iPad and Mac.