Apple with AI beats Microsoft to become world’s most valuable company

Apple once again became the world’s most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.

Its shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion. Microsoft’s market capitalization stood at $3.24 trillion, falling behind Apple for the first time in five months.