Microsoft’s current market capitalization is $3.12 trillion, the highest for any company ever, beating out Apple’s all-time market cap high of $3.090 trillion, set on July 31, 2023.
Microsoft stock was up 1.4% to $419.69 on Friday. Over the last 12 months, shares have soared 60%, largely thanks to strides in artificial intelligence software.
“We’ve moved from talking about AI to applying AI at scale,” CEO Satya Nadella said in a statement at the time. “By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”
The company officially will surpass Apple’s all-time market cap high if the stock closes at any price above $415.84. And if the gains hold, Microsoft will be the first U.S. company to close with a market cap greater than $3.1 trillion.
MacDailyNews Take: Tim Cook’s Apple.
With better management, Apple should be worth at least a trillion more than Microsoft currently. But, you can’t achieve those sort of results when you do things like miss transformative technologies like AI because you lack a visionary leader and have to resort to spending and scrambling madly trying to catch up to whatever you’ve blindly missed. – MaDailyNews, January 12, 2024
The difference between an operations guy following a static playbook — reacting to events instead of determining them — versus a visionary genius becomes ever more apparent with each passing year. – MacDailyNews, March 8, 2023
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[Thanks to MacDailyNews Readers too numerous to mention individually for the heads up.]
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