Microsoft s shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple as the world s most valuable company. As of Friday, the Redmond, Washington software maker s market capitalisation was a few billion dollars above Apple s.
Share prices and valuations could shift this week as Microsoft reports its quarterly results on Tuesday, followed by Apple on Thursday. In the long term, though, all the investors consulted by Reuters said Microsoft s recent successes in generative AI give it a powerful advantage over Apple.
Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week. Microsoft's shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple as the world's most valuable company. As of Friday, the Redmond, Washington software maker's market capitalization was a few billion dollars above Apple's.
Investors see Microsoft stock value leaving Apple behind inquirer.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inquirer.net Daily Mail and Mail on Sunday newspapers.
Microsoft s shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple as the world s most valuable company.