Lifted in toto from the Wall Street Journal, June 12:
Apple's rising shares lifted the iPhone maker's market cap above that of Microsoft.
- Apple's stock recently stood about 4% higher.
- The gains followed a more-than 7% jump yesterday, powered by optimism about its new AI offerings, that left its shares at a record high.
- Apple's market cap was recently at $3.32 trillion, making it the most-valuable U.S. company.
- It was the first time since January that Apple has had a higher market value than Microsoft.
The stock is at $217.04 up $9.89 (4.77%) after setting a new all-time-high at $218.12.