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Microsoft’s stock market value exceeded US$3 trillion for the first time on Wednesday, maintaining its status as the world’s second-largest company, second only to Apple. Microsoft’s stock price hit an all-time high of $405.63, with a market value of more than $3 trillion, while Apple fell to $3.01 trillion.
Microsoft leads the artificial intelligence market, thanks to support from OpenAI, launching updated versions of its flagship software and its Bing search engine to compete with Google. In contrast, Apple faces slowing iPhone demand in China and lacks a clear artificial intelligence strategy.
Microsoft shares are up 57% in 2023 and 7.3% this year, while Apple rose 48% last year and only 1.3% this year. In the coming weeks, the stock market may face a test as technology companies reveal their earnings.
(Source: Reuters Image source: freepik)
