Microsoft Overtakes Apple as Most Valuable Stock in the World
- Windows software maker’s value last topped Apple in 2021
- The stock has gained 3.3% in 2024, adding $92 billion in value
Microsoft Corp. overtook Apple Inc. to become the world’s most valuable publicly traded company for the first time in more than two years, as worries over smartphone demand have weighed on the iPhone-maker’s stock in recent weeks.
The Redmond, Washington-based software giant rose 1% to $388.47 on Friday, ending with a market valuation of $2.89 trillion. Meanwhile, Apple gained 0.2% and closed with a market capitalization of $2.87 trillion. It’s the first time since November 2021 that Microsoft has closed with a higher value than Apple.