Microsoft surpassed Apple on Friday (12th) and regained the title of the world’s most valuable company. The stock briefly outperformed Apple in intraday trading on Thursday.
Since 2018, Microsoft (MSFT-US) briefly surpassed Apple several times (AAPL-US), becoming the world’s most valuable company, most recently in November 2021. Microsoft shares rose more than 3% this week, bringing the company’s market value to $2.89 trillion, while Apple shares fell more than 3%, bringing its valuation to $2.89 trillion. $2.87 trillion.
Apple has been the world’s most valuable public company for years, and since the start of the year there have been a flurry of bearish reports on Wall Street amid concerns about iPhone sales prospects.
Investment research firm Hedgeye listed Apple as its latest short-selling target on Friday, following Barclays, Piper Sandler and Redburn Atlantic. The agency predicts that Apple’s revenue growth will be bleak until 2025 amid weak iPhone sales, a lack of innovation, and Microsoft’s artificial intelligence (AI) capabilities spurring competition in the personal computer (PC) market.
The negative attack comes as Apple’s board of directors is facing a reshuffle. The company announced Thursday that former U.S. Vice President Al Gore, a board member since 2003, will retire from the board.
At the same time, Microsoft’s stock price has reached its peak for many reasons, including stable corporate spending, which will help the company’s Azure cloud computing business. Azure is also benefiting from the artificial intelligence (AI) boom. Thanks to the AI craze, Microsoft’s stock price rose 57% last year, outperforming Apple (up 48%).
Microsoft also brought many surprises during the recent Consumer Electronics Show CES, including the launch of Windows 11 computers and gaming laptops using artificial intelligence, as well as the results of its cooperation with retail giant Walmart, which Wall Street praised.
Wall Street bulls are optimistic about Microsoft’s AI field (Photo: shutterstock)
Analysts at Piper Sandler told clients in a note that they are encouraged by the momentum for the most mature artificial intelligence products, noting that GitHub website traffic has accelerated year-over-year for three months in a row. Analysts have a buy-equivalent rating on Microsoft stock.
2024-01-12 22:47:33
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