Apple has once again secured its position as the world’s most valuable company, surpassing Microsoft with an impressive market valuation of $3.3 trillion. This significant milestone was achieved as Apple saw a remarkable increase of $300 billion in its market capitalization over just two days, driven by advancements in artificial intelligence technology and recent product announcements at WWDC this week.

Exciting developments are on the horizon, as Apple Intelligence is set to debut on the latest devices, including the iPhone 15 Pro series phones or newer, and M1 devices or newer. Analyst Gene Munster shared insights into investors’ expectations, highlighting the anticipation of Apple earning around $9 in EPS by 2026, compared to the current Street estimate of $7.90. With the market potentially entering a 3-5 year AI bull market, investors are eyeing multiple expansions and focusing on a 35x earnings multiple next year. Currently, Apple trades at 29x next year’s earnings.

Looking ahead, Munster projected that in a year’s time, the market will be pricing in expectations for 2026. With calculations based on $9 EPS x 35, it implies a staggering $4.7 trillion market cap for Apple – a figure that seemed unimaginable back in 2018 when Apple first crossed the $1 trillion mark.

Apple’s surge in market capitalization has further solidified its lead over major players like Microsoft and NVIDIA in the AI race. NVIDIA continues to experience high demand for its GPU chips as companies utilize them to power their AI servers, while Microsoft is supporting OpenAI and its ChatGPT technology.

As Apple continues to innovate and push boundaries in the tech industry, its dominance and value only continue to grow exponentially. Stay tuned for more updates on Phones Canada for all things related to telecommunications and technology.