Apple Passes Microsoft to Become World's Most Valuable Company Again

[MacRumors]

Apple's stock price continues to surge following its WWDC keynote this week, where it introduced an Apple Intelligence suite of AI features coming to the iPhone, iPad, and Mac. In intraday trading today, Apple overtook Microsoft to become the world's most valuable company again, but the two tech giants may trade places throughout the day.

Apple's stock crossed the $200 mark and set a new all-time high on Tuesday, and it has rose another 3% today as of writing. Generative AI has been a buzz topic for investors since ChatGPT debuted in 2022, and Apple finally unveiling its own strategy for the technology has likely contributed to this surge.

Apple Intelligence features will allow users to summarize text, create custom emoji and images, receive priority notifications, and more. Siri is also getting smarter with Apple Intelligence, with richer language understanding and more per-app controls. The features will require an iPhone 15 Pro or newer, or a Mac or iPad with an M1 chip or newer.

Apple had a market cap of $3.28 trillion as of writing, compared to $3.25 trillion for Microsoft.

Article Link: Apple Passes Microsoft to Become World's Most Valuable Company Again

 

[sniffies]

As it should be.

 

[dlewis23]

MSFT went way up because of Ai over the last 12 months and now so will AAPL.

 

[vtrautia]

With microsoft help 🤝 (funded open ai)

 

[vertsix]

Never good news for the consumer.

 

[JohnRckr]

Microsoft was first? Why? They did nothing since 2000s

 

[DotCom2]

Never good news for the consumer.

Why? I am ecstatic today!

 

[Wojtek487]

Microsoft was first? Why? They did nothing since 2000s

What Apple did since 2000s? Nothing.

 

[vegetassj4]

Tim "Timmy McGuire" Cook on the phone with Wall Street

"Show me the Money"

 

[coffeemilktea]

Tim's really coming through; my shares have never looked better.

 

[JordanCautious]

And all it took was adding a calculator to the iPad 🥹

 

[TheMountainLife]

Microsoft was first? Why? They did nothing since 2000s

You're kidding right?

As it should be.

Both companies are after different markets. Consumer business is more profitable for Apple and enterprise business is more profitable for Microsoft.

Personally I find it odd to compare the two but whatever generates news clicks I guess.

 

[NEPOBABY]

Apple numba wan! The troll farms on social media will have to double their budget. They tried so hard to sabotage the iPad Pro M4 launch.

"iTs a tOy OS itNeeDs to be wOrkStaTion sidLoaD AnY OS"

 

[NEPOBABY]

You're kidding right?

Both companies are after different markets. Consumer business is more profitable for Apple and enterprise business is more profitable for Microsoft.

Personally I find it odd to compare the two but whatever generates news clicks I guess.

True, something like half of MS's business is Azure and government/military contracts. Apple doesn't do that.

 

[itsboi]

Kinda crazy Apple has been neck and neck with Microsoft considering they have their toes in every industry and is a much more diversified company. See what happens when you have public trust.

 

[anthogag]

Apple showed it's better than Microsoft at implementing AI for the general consumer. Apple may be headed towards 3.5 to 4 trillion and Microsoft down to 2 trillion because they suck.

 

[krspkbl]

Unless you’re a shareholder this isn’t good news. Some people act like this is a sports team to them. Celebrating multi trillion dollar companies is cringe.

I still think Microsoft/Nvidia will go in front. I’m excited for iOS and MacOS 15 but Apple will need to do a lot more in the coming years if they want to stay up where they are.

Vision Pro looks like a failure but maybe with it finally coming to more markets and Apple being so desperately like “please develop for it, please!” then it will have some success but it’s still a $3,500 headset. It’s going to take years for Vision headsets to really take off if they ever do.

iPhones sales are still struggling. Services are doing well for Apple but they need some new exciting hardware to milk for the next couple decades. I think they thought Vision would be that but the headsets taking over iPhone is probably at least 10 years away.

 

[krspkbl]

Apple showed it's better than Microsoft at implementing AI for the general consumer. Apple may be headed towards 3.5 to 4 trillion and Microsoft down to 2 trillion because they suck.

What on earth makes you think Apple is going to get near 4T? And why do you think Microsoft is going to drop? That just your thoughts or got anything to back it up?

 

[iMac The Knife]

I gotta say it was a good day...

 

[DougieS]

Microsoft was first? Why? They did nothing since 2000s

Because of OpenAI integration, but apple overtakes again due to having their own AI + OpenAI.

 

[anthogag]

What on earth makes you think Apple is going to get near 4T? And why do you think Microsoft is going to drop? That just your thoughts or got anything to back it up?

It is my thoughts. I don't like Microsoft. Everything they make in business is boring and tedious and more complex than it needs to be.

 

[ELman]

This nice bump just paid for my new iPad.

 

[KPOM]

Given how closely these three companies are valued, is it really necessary to post articles every time one of them passes another? Apple’s rise is based on speculation that Apple Intelligence will spur sales of the iPhone 16. For all we know Microsoft or Nvidia will come out with “good news” tomorrow that will increase their share prices.

 

[Macisawesome]

What Apple did since 2000s? Nothing.

iPhone iPad Apple watch

 

[Abazigal]

Unless you’re a shareholder this isn’t good news.

I don't see how it is bad news either.

It feels like double standards when people cheer Apple's share price dropping, but evidently aren't allowed to acknowledge when the reverse happens.