Microsoft overtakes Apple to become the world's most valuable public company
Microsoft overtook Apple last week to become the world's most publicly traded company by market capitalization, and Microsoft shares rose more than 3 percent to 2 percent in the week..$89 trillion in market value, while Apple fell more than 3% to 2.87 trillion dollars。This reflects the market's optimistic view of Microsoft's solid performance and artificial intelligence development, as well as some concerns about Apple's iPhone growth.。Microsoft's AI activities received positive reviews, demonstrating its leadership in emerging technologies。In the future, the market will pay close attention to the competition and innovation dynamics of the two tech giants。
Microsoft's shares rose more than 3 percent in the week, bringing the company's market value to 2 percent..89 trillion dollars, while Apple's shares fell more than 3 percent, and its market value fell to 2..87 trillion dollars。
Redburn Atlantic Equities analyst James Cordwell downgraded Apple's rating to neutral from buy on Wednesday, citing "little upside over the next few years" in terms of iPhone growth and "expectations of a disappointing March quarter."。
Apple announced Thursday that former Vice President Al Gore will retire from the company's board next month, having served as a director since 2003.。
Microsoft, meanwhile, got some positive echoes when it introduced its artificial intelligence capabilities to developers at an event on Thursday.。Analysts at Piper Sandler told clients in a note that they were "encouraged by the momentum around the most mature AI products," noting that GitHub's site traffic has accelerated year-over-year for three consecutive months.。Analysts give Microsoft stock a buy-equivalent rating。
Apple has been the most publicly traded company by market capitalization for more than a year, having previously briefly held the honor by Saudi Arabian National Oil and Microsoft.。
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