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Apple CEO Tim Cook attends the annual developer conference event at the company’s headquarters in Cupertino, California, U.S., June 10, 2024. REUTERS/Carlos Barria/File Photo Purchase Licensing Rights, opens new tab
** Shares of Microsoft climb 1.3%, ending the session with a market cap of $3.33 trln, a record for any co, while Apple
(AAPL.O), opens new tab and Nvidia
(NVDA.O), opens new tab were close behind
** AAPL ahead of MSFT for part of the session before falling behind by the close
** The three cos remain in tight contention for the crown of the world’s most valuable co. AAPL rose 2% for the session, giving it a closing market cap of $3.32 trln, while NVDA dipped 0.7%, leaving it with a market cap of $3.22 trln
** AAPL now up ~12% since June 7, just before the co unveiled a long-awaited AI strategy, integrating “Apple Intelligence” tech across its suite of apps including Siri and bringing OpenAI’s chatbot ChatGPT to its devices
** AAPL is up 12% YTD, while MSFT has gained 19% and NVDA has soared 165%
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Reporting by Noel Randewich
Our Standards: The Thomson Reuters Trust Principles., opens new tab