Polymarket: Apple has 11% chance to retake top market cap spot this year

Polymarket traders are giving Apple an 11% chance of reclaiming its title as the world's largest company by market capitalization by the end of the year, a figure that has risen 1.3 percentage points from yesterday. This comes as Apple (Nasdaq: AAPL) stock has seen a sharp rise, fueled by growing optimism around artificial intelligence, strong second-quarter earnings, and an expanded stock buyback program. Apple ceded the top spot to Microsoft in January 2024 and is currently ranked third globally, behind both Nvidia and Alphabet, Google's parent company. Meanwhile, the price of AAPLUSDT, an on-chain perpetual futures contract for Apple stock, is trading at $311.71 on Aster, up 0.89% from yesterday.