However, Apple regained its top position by market close, with its current market value standing at $2.886 trillion, compared to Microsoft's $2.858 trillion. Apple has been grappling with a weakening demand for its products, including the iPhone. The top three most valuable companies currently are Apple, Microsoft, and Saudi Aramco.
Key takeaways:
- Microsoft briefly surpassed Apple as the most valuable company in the world for the first time since 2021, with a market valuation of $2.903 trillion.
- Apple regained its position by market close, with a current market value of $2.886 trillion.
- The surge in Microsoft's shares is likely due to its AI initiatives, including its investment in OpenAI, the creator of ChatGPT.
- The top 10 most valuable companies currently include Apple, Microsoft, Saudi Aramco, Alphabet, Amazon, NVIDIA, Meta Platforms, Berkshire Hathaway, Tesla, and Eli Lilly.