Apple CEO Tim Cook Microsoft passed Apple in Friday trading to reclaim the title of the world’s most valuable public company. Microsoft now has a valuation of $2.89 trillion, slightly ahead of the Tim Cook-led Apple at $2.87 trillion. Eric J. Savitz for Barron’s: ‎ Microsoft has been gradually closing the gap. Over the last 12 months, its shares have rallied 62.9%, versus a 39.4% gain for Apple. So far in 2024, Microsoft shares are 3.3% higher, while Apple is off 3.4%. Microsoft’s valuation briefly exceeded Apple’s market cap on an intraday basis earlier this week, before falling back. Apple had spent more than 500 days as the stock market’s most valued company. Microsoft last held the top spot on…

Microsoft overtook Apple as the world’s most valuable company on Thursday after Apple’s shares made a weak start to 2024 due to concerns from some analysts over iPhone demand. Aditya Soni for Reuters: ‎ Shares of Redmond, Washington-based Microsoft were last up 1.6%, giving it a market valuation of $2.875 trillion as its early lead in the race to make money from generative artificial intelligence helped draw investors. Apple was 0.9% lower with a market capitalization of $2.871 trillion – the first time since 2021 that its valuation has fallen below that of Microsoft. The Cupertino, California-based company’s stock has slid 3.3% in January as of last close, compared with a 1.8% rise in Microsoft. “It was inevitable that Microsoft…

Microsoft today overtook Apple as the world's most valuable public company by market value. Apple's share price dropped by just one percent, enabling Microsoft to narrowly pull ahead of Apple at a value of $2.87 trillion. Microsoft has briefly overtaken Apple as the most valuable company since 2018, most recently in 2020 and 2021 when concerns about supply chain shortages dented Apple's stock price and a boom in remote working bolstered Microsoft. Over the past year, Microsoft's support for artificial intelligence tools by backing OpenAI has helped boost its value, while equivalent offerings from Apple have been noticeably absent. In its November earnings report, Apple's sales results missed expectations as demand for iPads and wearables was lower than expected. Mac…

Microsoft is poised to retake the title of the world’s most valuable company from Apple after a bad start to the new year by the Mac-maker. Emily Bary for MarketWatch: ‎ Now valued at $2.73 trillion, Microsoft s worth about $100 billion less than Apple, which is valued at $2.83 trillion. Apple hasn’t been worth less than Microsoft since a 14-session stretch that ended Nov. 17, 2021, and the market-cap gap hasn’t been this small since Nov. 22, 2021. Microsoft’s stock is coming off a slightly stronger year than Apple’s, having risen 57% in 2023 as compared with 48% for Apple. Microsoft shares have also seen slimmer losses to start 2024. The rally in Microsoft shares comes as enterprise spending…

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On December 30, 1999, Microsoft hit the height of its 1990s dominance and began its early-2000s decline. It was a major turning point. (via Cult of Mac - Tech and culture through an Apple lens)