From Investing.com:

Microsoft’s market value surpasses that of Apple as concerns about iPhone demand drive Apple shares down 3% this year. Microsoft’s market cap reaches $2.887 trillion, topping Apple’s $2.875 trillion. Microsoft’s lead in AI through OpenAI investment has boosted cloud computing. Apple’s market cap peaked at $3.081 trillion on Dec. 14. Both stocks look expensive, with Apple’s forward PE at 28 vs. its 10-year average of 19, and Microsoft at 32 vs. its 10-year average of 24. Apple reports first year-on-year revenue increase in four quarters, with analysts predicting a 0.7% increase to $117.9 billion for December. Microsoft is expected to report a 16% revenue increase to $61.1 billion in the coming weeks.



Read more: Microsoft edges out Apple as world’s most valuable company By Reuters