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Microsoft extends rally with a record-breaking stock market value

Published 06/17/2024, 01:30 PM
Updated 06/17/2024, 04:36 PM
© Reuters. FILE PHOTO: Apple CEO Tim Cook attends the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. REUTERS/Carlos Barria/File Photo
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** Shares of Microsoft (NASDAQ:MSFT) climb 1.3%, ending the session with a market cap of $3.33 trln, a record for any co, while Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) were close behind

** AAPL ahead of MSFT for part of the session before falling behind by the close

** The three cos remain in tight contention for the crown of the world's most valuable co. AAPL rose 2% for the session, giving it a closing market cap of $3.32 trln, while NVDA dipped 0.7%, leaving it with a market cap of $3.22 trln

© Reuters. FILE PHOTO: Apple CEO Tim Cook attends the annual developer conference event at the company's headquarters in Cupertino, California, U.S., June 10, 2024. REUTERS/Carlos Barria/File Photo

** AAPL now up ~12% since June 7, just before the co unveiled a long-awaited AI strategy, integrating "Apple Intelligence" tech across its suite of apps including Siri and bringing OpenAI's chatbot ChatGPT to its devices

** AAPL is up 12% YTD, while MSFT has gained 19% and NVDA has soared 165%

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