For the first time in five months, Apple became the most valuable company in the world, displacing Microsoft from the top spot in the ranking. The company jumped ahead in the race for dominance a day after unveiling new artificial intelligence (AI)-enabled features and software improvements for its devices. Reuters reported this on June 12.

According to him, Apple shares jumped almost 4%, giving the company a market valuation of $3.29 trillion. Microsoft Corporation is valued at $3.24 trillion, losing the leading position to the iPhone maker for the first time in five months.