Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.
Its shares (AAPL.O) jumped nearly 4 per cent to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft’s (MSFT.O) market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months.
The stock surge comes as the tech-heavy...