Microsoft Overtakes Apple as World’s Most Valuable Public Company

Microsoft has overtaken Apple as the most valuable publicly traded company by market capitalization, following a positive reception to its artificial intelligence event in San Francisco. Redburn Atlantic Equities downgraded Apple to neutral from buy, citing “little room for upside over the next few years” in iPhone growth and an “anticipated underwhelming March quarter.” Meanwhile, Microsoft’s market cap reached $2.89 trillion, with shares climbing more than 3% for the week. The company’s success in the AI space has contributed to its growth, with the potential for further expansion in the future.

At the end of Friday’s U.S. trading session, Microsoft surpassed Apple as the most valuable public company by market capitalization. Redburn Atlantic Equities downgraded Apple to neutral from buy, citing limited growth potential in iPhone sales and an underwhelming March quarter. In contrast, Microsoft’s market cap reached $2.89 trillion, with shares rising more than 3% for the week. The company’s recent artificial intelligence event in San Francisco received a positive reception from analysts, signaling potential for further growth in the AI space.

Microsoft has become the most valuable publicly traded company by market capitalization, surpassing Apple at the end of Friday’s U.S. trading session. Redburn Atlantic Equities downgraded Apple to neutral from buy, citing a lack of growth potential in iPhone sales and an underwhelming March quarter. Meanwhile, Microsoft’s market cap reached $2.89 trillion, with shares increasing by over 3% for the week. The company’s success in the AI space, highlighted by its recent event in San Francisco, has contributed to its growth and potential for further expansion.

Following a positive reception to its artificial intelligence event in San Francisco, Microsoft has overtaken Apple as the most valuable publicly traded company by market capitalization. Redburn Atlantic Equities downgraded Apple to neutral from buy, citing limited growth potential in iPhone sales and an underwhelming March quarter. Microsoft’s market cap reached $2.89 trillion, with shares rising more than 3% for the week. The company’s success in the AI space has contributed to its growth, with the potential for further expansion in the future.