this post was submitted on 12 Jun 2024
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Apple surpasses Microsoft as world's most valuable company after unveiling AI plans (www.cnbc.com)
submitted 10 months ago by [email protected] to c/[email protected]
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[–] [email protected] 4 points 10 months ago

The market cap is the number of share multiplied by the current share price. So this is a made up number because the reality is that not all these share would sell at the current share value.

Essentially, Apple Market Cap raised because people bought shares at a higher price after the announcements.