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Microsoft and Apple shares have been vying for the top spot as the most capitalized stock on Wall Street since the start of the year, with the iPhone maker briefly losing its crown to the software giant earlier in January.
Microsoft joined Apple in the highly exclusive $3 trillion club Wednesday.
Microsoft joined Apple in the highly exclusive $3 trillion club Wednesday.
Microsoft overtook Apple as the world's most valuable company on Thursday after the iPhone maker's shares made a weak start to 2024 due to growing concerns over demand.
Recent channel checks with AI customers have turned incrementally more bullish and bode well for Microsoft's ability to monetize CoPilot in 2024.