Last night during the stock market trading hours in the United States, Microsoft surpassed Apple in terms of market capitalization. This effectively makes Microsoft the most valuable company in the world for a brief period before Apple regained its higher market value.
Microsoft has previously overtaken Apple in terms of market capitalization multiple times, both in 2018 and in 2021. However, these instances were short-lived as Apple quickly reclaimed its position as the world’s most valuable company.
The current situation for both companies has had an impact on their market value. Apple is currently facing legal challenges and analysts have adjusted their revenue expectations accordingly. On the other hand, Microsoft has seen a boost from promoting its AI-powered PC with the addition of the Copilot button.
TLDR: Microsoft briefly became the world’s most valuable company, surpassing Apple in market capitalization during last night’s trading hours. However, Apple quickly regained its position. The current situation for both companies has influenced their market value, with Apple facing legal challenges and Microsoft benefiting from promoting its AI-powered PC.
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