"MS Ge Seotgeora" Apple Reclaims Global Market Cap No. 1

Apple Stock Rises for 5 Consecutive Trading Days to Record High
Expectations for Apple Intelligence and Increased Sales in China
Focus on Earnings Report on 24th

Apple's stock price rose for five consecutive trading days, reclaiming the global market capitalization crown from Microsoft (MS) on the 8th (local time).

On that day at the New York Stock Exchange (NYSE), Apple closed at an all-time high of $227.82 per share, up 0.65% from the previous trading day.

With this, Apple recorded a market capitalization of $3.4934 trillion, surpassing MS ($3.4652 trillion) to return to the top spot in market cap. It is the first time in 25 days since Apple last held the number one market cap position on the 13th of last month.

Since unveiling its first artificial intelligence (AI) system, 'Apple Intelligence,' at the annual Worldwide Developers Conference (WWDC) held on the 10th of last month, Apple's stock price has been on the rise. Expectations that Apple's AI features will boost demand for the latest iPhone replacements have driven the stock price up. Additionally, Apple is enhancing its AI service competitiveness for users of its devices such as the iPhone by discussing collaboration plans not only with OpenAI but also with Meta and Google, raising anticipation for its AI capabilities.

Furthermore, expectations for performance have grown as iPhone sales in China significantly increased in the second quarter compared to a year ago. Apple, which will announce its second-quarter earnings on the 24th, is estimated to have increased iPhone shipments in China by about 52% in April and 40% in May.