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A matter of perspective

Jun 12, 2024

To catch up with rivals in the booming AI market, Apple unveiled its new AI platform at the company’s Worldwide Developers Conference on Monday. This announcement led to a 7.26% surge in its share price, adding over 200 billion USD to its market value in a single day—equivalent to four times the market value of ING. As a result, Apple has regained its position as the second most valuable Big Tech company, trailing only Microsoft and surpassing NVIDIA. With a market cap exceeding 3 trillion USD, Apple is now worth 78% more than the entire German DAX index.

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