On Thursday, the top 3 US stock market values experienced another reshuffle! Apple continues to rise, surpassing Microsoft in total market value and regaining its title as the world's top market capitalization.

Apple closed at $214.24 on Thursday, up 0.55%, the largest three-day increase since August 2020. At the close of Thursday, Apple's market value was $3.285 trillion, surpassing Microsoft's $3.282 trillion, and after five months, it once again surpassed Microsoft to become the world's highest market value. Earlier this week, Apple was still ranked third after Nvidia.

In the past three days, the stock price has risen, with Apple's cumulative increase reaching around 11% and its market value skyrocketing by $323.9 billion, which is larger than all the constituent stocks in the S&P 500 index except for a few.

On Monday, Apple unveiled its artificial intelligence strategy at the WWDC conference, announcing a partnership with OpenAI to integrate ChatGPT into its devices. The reshuffle of market value rankings in this round indicates that investors are confident in Apple's artificial intelligence strategy.

"People firmly believe that they will become winners in the field of artificial intelligence, and it seems that in this market, if you are a winner in the field of artificial intelligence, your value will increase significantly." said Rhys Williams, Chief Strategist at Wave Capital Management, "I believe that in the foreseeable future, the competition between Microsoft and Apple will be quite fierce, and Nvidia will also be involved."

Apple has previously stated that Apple Intelligence is only applicable to iPhone 15 Pro/Pro Max and subsequent new models. Therefore, Wall Street analysts widely believe that Apple's AI strategy will help drive users to switch models, thereby driving sales revenue growth.

Previously, in its second quarter performance report, Apple disclosed a 4.3% decline in revenue, marking the fifth contraction in the past six quarters.

Bank of America analyst Wamsi Mohan believes that Apple Intelligence may drive Apple into a multi-year upgrade cycle, including faster replacements and an increase in average selling prices.

DA Davidson analyst Gill Luria said, "Apple's stock price has remained stable because its revenue has not increased. Now, we believe that this will accelerate Apple's overall growth rate from low single digits to medium single digits, or even high single digits, in the next one or two years. This is what drives Apple's stock price up."

Despite the strong performance of Apple's stock price in recent times, concerns about the company's sales have still limited its stock price increase since the beginning of this year. Since the beginning of this year, Apple's stock price has risen by 11%, lower than the 16% increase of the Nasdaq 100 index.

In contrast, the stock price trends of other large technology companies are much more attractive, especially those with more outstanding performance in the field of artificial intelligence. Microsoft, Amazon, Google's parent companies Alphabet and Meta all outperformed Apple. Tesla is the only technology stock in Mag-7 to lag behind Apple, with its stock price falling more than 30% this year.