Apple is close to reaching a historic market value of four trillion dollars, supported by investors welcoming improvements made by the company in artificial intelligence to support declining sales of iPhones.
The company has moved ahead of “Nvidia” and “Microsoft” in the race for that huge value thanks to a 16 percent jump in its share price since early November, adding about $500 billion to its market value. Apple's market capitalization is estimated at $3.85 trillion, a huge value that exceeds the total value of the two major stock markets in Germany and Switzerland combined.
Apple has taken a different path with hardware-based AI than its big competitors, who focus on cloud-based AI systems backed by billions of dollars from Nvidia.
Source (CNBC Arabia Website, Edited)
