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HomeMarketApple extends rally with a record-breaking inventory market worth By Reuters

Apple extends rally with a record-breaking inventory market worth By Reuters

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(Reuters) – ** Shares of Apple Inc (NASDAQ:) climbs 2.1% with the iPhone maker on observe to shut with a market cap of $3.33 trln, greater than any firm in historical past, with Microsoft (NASDAQ:) and Nvidia (NASDAQ:) each shut behind

** AAPL now up ~10% since June 7, simply earlier than the co unveiled a long-awaited AI technique, integrating “Apple Intelligence” tech throughout its suite of apps together with Siri and bringing OpenAI’s chatbot ChatGPT to its gadgets

** AAPL’s inventory has underperformed Wall Road’s different heavyweights in 2024, however the latest surge has elevated its market cap again above MSFT and NVDA

** The three cos stay in tight rivalry for the crown of the world’s most useful co. MSFT on Mon was up 0.9%, giving it a price of $3.32 trln, whereas NVDA was up 0.1% with a market cap of $3.24 trln

** AAPL is up 13% in 2024, whereas MSFT has gained 19% and NVDA has soared 166%

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