Microsoft overtakes Apple as the world’s most valuable company

In recent developments, Microsoft overtakes Apple as the world’s most valuable company for the first time since 2021 by the end of Friday’s U.S. trading session.

Microsoft’s stock closed 0.5% higher, giving it a market valuation of $2.859 trillion. It rose as much as 2% during the session and made the company most valuable.

Shares of Apple closed 0.3% lower, giving the company less valuable in a market capitalization of $2.886 trillion. Microsoft and Apple have jostled for top spot over the years.

“It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution,” said D.A. Davidson analyst Gil Luria.

For more than a year, Apple has maintained its position as the most valuable company. It held this title consistently, with only brief periods when other valuable companies like Saudi Aramco and Microsoft surpassed it in market capitalization.