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Microsoft's Market Capitalization Surpasses $3 Trillion, Trailing Apple for Second Place in the World

Update time : 2024-02-01 11:59:59

Microsoft's market value on January 24 for the first time exceeded 3 trillion U.S. dollars mark, second only to Apple ranked the world's second largest listed company. Over the past year, Microsoft's market capitalization and Apple is not similar, has been competing for the top of Wall Street market capitalization, after Microsoft had briefly exceeded Apple, but most of the time Apple is in the lead.

On January 24, Microsoft shares hit a new all-time high of $405.63, up 1.7%, with a market value exceeding $3 trillion, but closed at $402.56, lowering its market value below $3 trillion. Apple shares closed at $194.50, with a market capitalization of $3.01 trillion.
Analysts said that Microsoft has become a world leader in artificial intelligence due to its continued investment in OpenAI, the creator of ChatGPT, and other tech giants such as Meta, Google Alphabet, Amazon, and Oracle have likewise continued to push into the AI space. Utilizing OpenAI's technology, Microsoft has integrated AI functionality for its productivity software products (Windows, Office) as well as the Bing search engine, which is expected to improve competitiveness with Google's search engine.
While Apple, although temporarily maintaining the position of the world's highest market capitalization of listed companies, but the iPhone demand slowed down, facing competition from local brands in China, and there is no clear planning for the direction of artificial intelligence, Stifel analyst Brad Reback expressed concern about this, while optimistic about Microsoft's development prospects in the field of artificial intelligence.
Benefiting from the AI heat, Microsoft shares are up nearly 57% in 2023 and 7% since 2024, while Apple shares are up 48% in 2023 and about 1% so far this year.

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