Apple has made history as the first company to reach a staggering $3.5 trillion market cap!

On July 9, Apple's stock ended the trading session at nearly $229 each, pushing the US tech giant's market capitalization to an unprecedented high. 

The key driver behind such a record-breaking surge was the company’s unveiled strategy to integrate artificial intelligence into its product ecosystem. This announcement was made a month ago, detailing a partnership with OpenAI to incorporate ChatGPT into future Apple operating systems. In addition, it was reported that Apple management would get an observer role on the board of the revolutionary chatbot's creator as part of a landmark AI agreement.

While the start of the year was quite challenging for Apple, recent strategic moves to integrate AI into its products helped the tech company surpass its rival Microsoft in market value.

Initially, the market reaction to Apple's AI-enhanced product presentations was negative. Many analysts noted that Apple had not introduced anything particularly groundbreaking, suggesting that the announcement was merely a tactic to boost declining iPhone sales. This sentiment caused a short-lived sell-off in Apple's stock and those of its suppliers. However, investors soon recognized the value of Apple's innovations, leading to a recovery.

Earlier, it was revealed that the tech giant is considering developing an AI-powered home robot. This compact device is expected to be placed on a desk or any horizontal surface and could potentially replace Apple’s HomePod smart speaker, which was first introduced in 2018. The second generation of the device was released in 2023.