Microsoft surpasses Apple to become the world’s most valuable company as the iPhone maker hits a patch of ‘nothing special’
From Fortune Magazine:
1. Microsoft surpasses Apple as the world’s most valuable publicly traded company, reaching a market valuation of $2.89 trillion, compared to Apple’s $2.87 trillion.
2. Microsoft’s success is attributed to its consistent growth and clear AI roadmap, while Apple’s lackluster growth and dropping stock value is causing concern among analysts.
3. Less-favorable views on Apple from Wall Street could lead to Microsoft maintaining or even building on its newfound size advantage.
4. Microsoft and Apple remain the biggest weights in the S&P 500, comprising roughly 14% of the index, with few other companies approaching their size.
Read more: Microsoft surpasses Apple to become the world’s most valuable company as the iPhone maker hits a patch of ‘nothing special’