Microsoft captured the top spot and has held the title of most valuable company since early 2024. Additionally, Nvidia briefly surpassed Apple to become the second most valuable publicly traded US company.
Meanwhile, a report by Kantar said that Apple has reached another milestone by becoming the first $1 trillion global brand. It is followed by Google and Microsoft in second and third spots, respectively.
Earlier this year, Alphabet-owned Google also breached the $2 trillion market value mark for the first time since November 2021 after it announced Gemini aI features during its annual Google I/O 2024 conference.
While this is good news for Apple, Microsoft may benefit from Apple’s AI push. Apple announced the inclusion of OpenAI’s large language models in its offerings, with plans for future models. Microsoft is a major investor in OpenAI and may see continued growth in its Azure cloud services due to increased use of OpenAI models.
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