In a Falling Tide, Microsoft's Market Cap is Largest
When stocks in the tech sector were rising, Apple and Amazon both drove the trend and benefited from it, reaching market caps over $1 trillion, with Microsoft and Alphabet close behind.
Now that the tech sector is falling along with markets overall, Microsoft is falling less quickly.
In mid-day trading Monday, Microsoft surpassed Apple as the most valuable company in the United States. Microsoft's market capitalization was $812 billion, about $1 billion higher than Apple's.
News has been rough for Apple over the last few weeks, with the stock losing nearly a quarter of its value since a September high on reports of drops in smartphone demand. Microsoft, on the other hand, continues to deliver on its pivot from a Windows-first to a cloud-first business.
Even though Microsoft seems to have regained supremacy from Apple on this one business measure (for the moment, at least), Microsoft stock is nearly 9 percent off its record high from early October.
Posted by Scott Bekker on November 26, 2018 at 11:29 AM