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Apple surpasses Microsoft as world's most valuable company after unveiling AI plans (www.cnbc.com)

submitted 5 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] Croquette@sh.itjust.works 4 points 5 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.