- Apple returned to the position of the most valuable company
- In one day, the value of the company increased by 2.5%
- The positive attitude of investors towards AI is behind the increase
Apple is once again the most valuable company in the world
After a short delay, Apple returned to the position of the most valuable company in the world. The company owes this comeback to the recent introduction of its artificial intelligence. Investors see Apple’s work on artificial intelligence as very promising.
Apple on top again
Shares of the company rose after Morgan Stanley raised its price target on Apple stock, calling it a top pick for a good long-term investment. The company’s value then rose 2.5% to $3.62 trillion, as informs Reuters.
Microsoft was the most valuable company since January in the world thanks to various collaborations with artificial intelligence companies. Thus, Apple’s June introduction of artificial intelligence put the Californian company on top after some time.
Apple expects significantly better sales of the iPhone 16 due to the implementation of AI | photo: own
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Investors expect better sales of iPhones and iPads
Apple’s artificial intelligence is seen as a catalyst to boost phone and tablet sales. Therefore, Apple is increasingly attractive to new investors, and many people take an investment in this company as a guarantee of appreciation of their funds.
The upcoming iPhone 16 is expected to have record sales. In addition to the investors, he is also counting on this Apple and is increasing orders for its Bionic chips. Similarly, sales of MacBooks should increase slightly.
Constant fight for first place
Apple won the first place only temporarily, because many companies like Microsoft and Alphabet are treading on its heels and trying to climb to the top. Being the most valuable company in the world is a very strong sign in the eyes of investors that they will not lose their invested money easily, and in today’s volatile times, the guarantee of a good return is very important.
Source: mobilizujeme.cz
