Fans of large numbers will be happy to know that Apple became a $3 trillion company again today based on market cap, which is the total value of all of the company’s outstanding shares. However, chipmaker Nvidia stole the moment.


Nvidia not only crossed the $3 trillion mark today for the first time ever, but it overtook Apple to become the world’s second most valuable company as of market close today, trailing only Microsoft. Nvidia’s stock price has more than tripled over the past year amid strong demand for its artificial intelligence (AI) server chips.

Apple became the world’s first $3 trillion company in January 2022, and it has recrossed that mark several times since then. However, this is the first time that Apple has dropped to be the world’s third most valuable company since 2019.

Apple is expected to unveil its own AI strategy during its WWDC keynote next week, with iOS 18 rumored to feature a smarter version of Siri powered by a large language model (LLM) and many other new AI features. Apple has also reportedly partnered with OpenAI to integrate ChatGPT on the iPhone, but the exact implementation remains to be seen.

AAPL closed at $195.87 today, down from a 52-week high of $199.62.

Popular Stories

Some AT&T, T-Mobile and Verizon Customers Report Issues With Calls [Update: Fixed]

There appears to be an outage with at least one U.S. cellular carrier, with customers unable to place or receive calls. AT&T, T-Mobile, and Verizon customers have been complaining about the issue on social networks, and there are also reports of outages on the Down Detector website. According to a statement from AT&T, the outage is affecting calls between carriers in the United States. All…

See also  Apple expands its Self Service Repair program for the Mac

Gurman: No Hardware at WWDC, Next Apple TV No Longer Coming Soon

Bloomberg’s Mark Gurman does not expect Apple to announce any new hardware during its WWDC 2024 keynote on June 10. “There’s no hardware slated to be announced at WWDC, unless Apple unexpectedly previews a new device launching later (to be clear: I don’t expect that),” said Gurman, in his Power On newsletter today. Notably, Gurman now says a new Apple TV model “isn’t imminent,” despite…

Sonos Ace Headphones vs. AirPods Max

Sonos in May decided to get into the headphone market with the launch of the Sonos Ace headphones. The $449 Sonos Ace headphones have some enticing design elements and features you won’t see in Apple’s headphones, so we thought we’d compare them to the $549 AirPods Max to see which is ultimately better. Subscribe to the MacRumors YouTube channel for more videos. In terms of design, both the…

iOS 18: These iPhones Likely Won’t Support Some AI Features

Apple is planning a major AI overhaul in iOS 18, but some new features are unlikely to work on older iPhones, even if they do appear on the new operating system’s device compatibility list. Apple’s initial AI roadmap for iOS 18 is said to come in two parts: Basic AI features that will be processed on-device, and more advanced capabilities that will require communication with Apple’s servers. …

iPhone 16 Pro Could Break Record for Thinnest Bezels on a Smartphone

Apple’s upcoming iPhone 16 Pro models will have the thinnest bezels of any smartphone, beating the screen border thinness of even its latest iPhone 15 Pro devices. That’s according to the leaker known as “Ice Universe,” who has divulged accurate information about Apple’s plans in the past. According to multiple sources, despite minimal design changes, both iPhone 16 Pro models will increase…

See also  Learn about generative AI for free with the Alan Turing Institute