The tech-giant Apple and software giant Microsoft occupy the places of the top two companies of the world in terms of market capitalization. Reuters reported this news according to stock market data at the end of July.
Last month, Apple became the first company in the world to reach a market value of three trillion dollars.
Strong quarterly earnings from technology companies such as Alphabet (Google’s parent company), Meta Platforms, chip maker Intel and chip parts maker Lam Research boosted the trend in the market last month.
Facebook-owned Mater’s market cap rose more than 10 percent in July, the success coming on the back of the company’s revenue forecast and strong ad revenue growth in the second quarter.
Microsoft beat fourth-quarter forecasts on growth in its cloud computing and office software businesses. However, the share price fell 1.4 percent in July. The company’s market capitalization stood at $2.49 trillion at the end of July.
