American tech giant Apple has reclaimed its title as the most valuable company in the world, demonstrating an impressive surge in market capitalization amid a general upswing in the U.S. stock market.
Following Wednesday’s trading session, Apple shares rose by 15.3%, boosting the company’s market value to $2.99 trillion—up from $2.59 trillion the previous day. This marks a nearly $400 billion increase in Apple’s capitalization in just one day.
As a result, Apple surpassed Microsoft, which had briefly taken the top spot among the world’s largest companies by market value. Microsoft’s capitalization rose to $2.9 trillion after its stock climbed 10.1%, but this wasn’t enough to maintain its lead.
Apple had temporarily lost its number one position after dropping 22% from its March peak of $3.34 trillion. Despite a partial recovery, the company is still down 10.5% since the start of the month.
The stock rally was fueled by a statement from U.S. President Donald Trump, announcing a temporary 90-day suspension of retaliatory tariffs on goods from more than 75 countries. This move eased market concerns about escalating trade wars, triggering a rally across stock exchanges. The Nasdaq Composite Index, which includes high-tech companies, jumped by 12.16%.
