Microsoft overtook Apple as the world’s most valuable company on Friday for a short span of time. Yesterday in the stock market, Apple’s share price was slightly downward at the beginning of trading while Microsoft’s graph was upward. In this context, Microsoft came out on top for a while in terms of valuation. News Hindustan Times and Reuters.
For the past three years, Microsoft and Apple have occupied the top two positions in the battle for the most valuable companies in the world. In this context, for the first time since 2021, Microsoft became the world’s most valuable company yesterday, topping Apple. But it retained for a short span of time. Reuters reported that Apple regained its position before the end of the day’s trading.
It should be noted that Microsoft’s shares have been rising for the past several months due to the investment in ChatGPT. Meanwhile, Apple’s shares have been languishing for quite some time. Demand for Apple in the stock market has decreased quite a bit. In this context, the share price has also gone down. Many stock experts were convinced that Microsoft would overtake Apple. However, Satya Nadella’s organization could not hold its position yesterday.
According to the report, Microsoft’s share price was 0.5 percent higher than the previous session by the end of trading on the stock market yesterday. As a result, the company’s market value stood at 2.859 trillion dollars. However, Microsoft shares were up nearly 2 percent at one point during trading on Thursday. That gave the company a market value of $2.903 trillion.
