Microsoft Outstrips Apple As The Most Valuable Public Company In The World

At the end of Friday’s U.S. trading session on January 12, Microsoft was the most valuable public company by market capitalization, overshadowing Apple after briefly topping the iPhone maker during intraday trading Thursday.

On Thursday, Microsoft held an artificial intelligence event in San Francisco, which was well received by a group of analysts.

Shares of Microsoft climbed over 3% for the week, bringing the organization’s market cap to $2.89 trillion, while Apple’s stock came around more than 3%, bringing its valuation down to $2.87 trillion.

In any case, a few analysts have downgraded Apple to neutral from buy on Wednesday, citing “little room for upside over the next few years” in iPhone growth and an “anticipated underwhelming March quarter.”

Apple said Thursday that former US Vice President Al Gore will retire from the company’s board next month after serving as a director since 2003.

Apple’s Market Capitalization Shut At $3 Trillion For The First Time

Microsoft, meanwhile, got a vote of confidence on Thursday after discussing its artificial intelligence capabilities to developers at an event in San Francisco.

Apple had been the most valuable public company for over a year, following brief periods when that distinction was held by Saudi Aramco and Microsoft.

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