From Microsoft To Apple: Tech Giants Whose Stocks Are Soaring Amid AI Boom This Year

In the two weeks since the AI boom helped Nvidia become only the ninth company in the world to enter the $1 trillion market cap club, tech giant Apple has seen its shares hit an all-time high twice.

After Apple, Microsoft Shares Surge To All-Time High

getty

And now, Apple's rival Microsoft has seen its shares hit a record high by jumping 3.2%, and its market cap too hit an all-time high of nearly $2.6 trillion yesterday.

The latest jump in Microsoft¡¯s shares came after Microsoft finance chief Amy Hood, in a public discussion with Microsoft technology chief Kevin Scott, said that "the next generation AI business will be the fastest-growing $10 billion business in our history", as per a CNBC report.

"There is all of the people who want to come use our infrastructure, whether they¡¯re training their own models, whether they are running an open-source model they¡¯ve got or whether they are making API calls into one of the big frontier models that we¡¯ve built with OpenAI," Scott said.

But is the surge in stock prices restricted to Apple or Microsoft? Certainly not. Many other tech companies have seen their stocks go deeper and deeper into the green this year.

Tech Stocks Surging This Year

biospace

1.Oracle

51% up this year till date

2.Nvidia

threatpost

197% up this year till date

3.Dell

22% up this year till date

4.Alphabet

indiatimes

40% up this year till date

5.Meta

125% up this year till date

6.Adobe

45% up this year till date

7.AMD

94% up this year till date

8.Intel

shutterstock

34% up this year till date

9.Qualcomm

15% up this year till date

10.Tesla

getty

136% up this year till date

11.Microsoft

45% up this year till date

12.Tata Elxsi

20% up this year till date

Companies In The $1 Trillion Market Cap Club

With Nvidia riding high on the AI boom and entering the $1 trillion market cap club last month, let us look at all the 9 companies in the world that have hit that milestone in history:

1.PetroChina-2007

2.Apple -2018

3.Saudi Aramco-2019

4.Alphabet-2020

5.Meta-2021

6.Microsoft-2019

7.Tesla-2021

8.Amazon-2018

9.Nvidia -2023

Also Read: E-commerce Giant Amazon Becomes World¡¯s First Public Company To Lose $1 Trillion In Market Value

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