Market caps for Apple and Microsoft exceed the whole value of BSE

With a combined market capitalization of $6.14 trillion (6,14,000 crore rupees), Microsoft and Apple have surpassed the entire worth of companies listed on the Bombay Stock Exchange. This is more than the combined worth of all 5,300+ Chinese stock exchange companies. Ahead of its WWDC24 conference, Apple's shares surged 15% in just six months, helped by the company's investments in artificial intelligence, which included OpenAI.

This comes as Microsoft has invested more and more in artificial intelligence (AI) as the company has been investing in OpenAI and is implementing AI features in its products and services. Apple's shares have risen 15 per cent in six months on the NASDAQ and the company is set to kickstart its annual developer’s conference WWDC24. Tim Cook is expected to announce AI features that Apple’s devices will be getting in the conference.

Apple has struggled as it witnesses less iPhone demand in China and a $2 billion fine from the European Union. iPhone sales dropped 8 per cent in China in the first three months and its overall sales fell in every geographic region except Europe.

Nvidia has also seen a 160 percent rally in the counter in six months as the company has bolstered its place in the AI market. The company's market capitalization soared to an astonishing $3 trillion, making it the very first computer chip firm to reach the mark.

The three most valuable tech firms' collective market capitalization of $9.2 trillion has outpaced China where total value of listed entities is $8.85 trillion excluding Hong Kong.