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| Version 0 | Version 1 |
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| Apple no longer world's most valuable company | Apple no longer world's most valuable company |
| (about 3 hours later) | |
| Microsoft has outpaced its rival of late thanks to investor hopes of AI-fueled growth | Microsoft has outpaced its rival of late thanks to investor hopes of AI-fueled growth |
| Microsoft rose above Apple to become the world’s most valuable publicly traded company at the close of trading on Friday. | Microsoft rose above Apple to become the world’s most valuable publicly traded company at the close of trading on Friday. |
| The software giant’s share price has continued to rally so far this year, building on last year’s strong performance, whereas Apple has encountered a number of obstacles. Microsoft’s aggressive rollout of a number of AI features over the past year has been rewarded by investors, who are hoping that the Seattle-based giant will be best positioned to take advantage of the AI boom. | The software giant’s share price has continued to rally so far this year, building on last year’s strong performance, whereas Apple has encountered a number of obstacles. Microsoft’s aggressive rollout of a number of AI features over the past year has been rewarded by investors, who are hoping that the Seattle-based giant will be best positioned to take advantage of the AI boom. |
| Microsoft’s shares rose by more than 3% for the week, taking its market value to $2.89 trillion, just ahead of Apple, whose shares dropped nearly 3%, with its market capitalization edging down to $2.87 trillion. | Microsoft’s shares rose by more than 3% for the week, taking its market value to $2.89 trillion, just ahead of Apple, whose shares dropped nearly 3%, with its market capitalization edging down to $2.87 trillion. |
| Microsoft briefly topped Apple during intraday trading on Thursday for the first time since 2021 before giving up the top spot to the iPhone maker later in the session. | |
| Shares of Apple, whose market value peaked at $3.081 trillion on December 14, ended last year with a gain of 48%. Microsoft, however, registered a 57% increase for the year. | Shares of Apple, whose market value peaked at $3.081 trillion on December 14, ended last year with a gain of 48%. Microsoft, however, registered a 57% increase for the year. |
| So far this month, Apple’s shares are trading slightly lower versus a 5% rise for Microsoft. This comes as concerns over weakness in iPhone sales, especially in the key Chinese market, have triggered a number of analyst downgrades of Apple stock. | So far this month, Apple’s shares are trading slightly lower versus a 5% rise for Microsoft. This comes as concerns over weakness in iPhone sales, especially in the key Chinese market, have triggered a number of analyst downgrades of Apple stock. |
| “China could be a drag on [Apple’s] performance over the coming years,” brokerage Redburn Atlantic said, as cited by Reuters. In a note to clients, the brokerage’s analysts pointed to competition from a resurgent Huawei and growing tensions between Washington and Beijing that have increased pressure on Apple. | “China could be a drag on [Apple’s] performance over the coming years,” brokerage Redburn Atlantic said, as cited by Reuters. In a note to clients, the brokerage’s analysts pointed to competition from a resurgent Huawei and growing tensions between Washington and Beijing that have increased pressure on Apple. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |
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