From Nasdaq:

In recent years, Apple has lost its position as the leading company in terms of market value to Microsoft. The rise of generative AI is rapidly changing technology and has caused a paradigm shift, with companies like Microsoft, Alphabet, and Amazon all making significant investments in AI tools for their software offerings. These Big Three cloud computing providers will be the biggest beneficiaries. Amazon, Microsoft, and Alphabet are all at least 33 times forward earnings and are considered relatively inexpensive compared to their vast potential market.



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