Apple Reclaims Throne as World's Most Valuable Company

Apple has once again become the world's most valuable company, surpassing Microsoft. The iPhone maker's shares rose by nearly 2% to $211.10, resulting in a market valuation of $3.24 trillion. Microsoft's market capitalization of $3.23 trillion has put it behind Apple for the first time in five months.

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.

Apple's shares rose nearly 2% to $211.10, giving it a market valuation of $3.24 trillion. Microsoft's market capitalization stood at $3.23 trillion, falling behind Apple for the first time in five months.