Apple reclaimed its position as the world's most valuable company, surpassing Microsoft, on Wednesday( 12 June 2024). Apple's shares rose over 2 per cent to $211.75, resulting in a market valuation of $3.25 trillion.In comparison, Microsoft's market capitalization fell to $3.24 trillion, placing it behind Apple for the first time in five months. 

• The surge in Apple's stock followed the company's unveiling of AI-enabled features and software enhancements for its devices, which analysts believe will boost iPhone sales.
• This announcement came during Apple's annual developer conference on Monday, where CEO Tim Cook and other executives highlighted improvements, including Siri's enhanced interaction capabilities with messages, emails, calendars, and third-party apps.