From Mac To Monolith: Apple Surpasses Microsoft As World's Largest Company By Market Cap
Portfolio Pulse from Hayden Buckfire
Apple Inc. (AAPL) has surpassed Microsoft Corp. (MSFT) to become the world's largest company by market cap, following a surge in its stock price after the WWDC event. Apple's market cap is now $3.325 trillion, compared to Microsoft's $3.264 trillion. NVIDIA Corp. (NVDA) is also performing strongly, with a market cap of $3.108 trillion.
June 12, 2024 | 5:39 pm
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NEUTRAL IMPACT
Microsoft has been surpassed by Apple as the world's largest company by market cap, despite its strong performance driven by AI advancements.
While Microsoft has shown impressive performance due to its AI initiatives, it has been overtaken by Apple in market cap. This news may have a neutral short-term impact on Microsoft's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Apple's stock price surged over 4.5% following its WWDC event, pushing its market cap to $3.325 trillion and making it the world's largest company by market cap.
The unveiling of new software features and a partnership with OpenAI at the WWDC event has driven investor optimism, leading to a significant increase in Apple's stock price.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
NVIDIA's stock has soared over 150% in 2024, making it the third largest company by market cap at $3.108 trillion. Continued AI optimism could push its market cap even higher.
NVIDIA's strong performance and investor optimism in AI have significantly boosted its stock price. This trend is likely to continue in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80