Since yesterday’s trade closing, Apple has overtaken Microsoft again in terms of market capitalization. Apple is now officially the world’s most valuable company with a market cap of 3.285 trillion dollars, while Microsoft sits at 3.282 trillion dollars.
The last time Microsoft surpassed Apple in market cap was in January 2024, with analysts from Wayve Capital Management suggesting that both companies may see their values align again due to the current confidence in AI technologies.
Apple’s stock price has been steadily increasing for the past 3 days, reaching its highest point since August 2020 when they introduced Apple Intelligence, enhancing AI capabilities in both hardware and software. Analysts predict this move will lead to increased iPhone sales.
Source: Bloomberg
TLDR: Apple has reclaimed the top spot in market capitalization from Microsoft, with analysts predicting future alignment in their values due to advancements in AI technology.
Leave a Comment