MSFT: Microsoft Stock Briefly Tops $2.87T to Dethrone Apple as World’s Most Valuable Company

Shifting valuations shuffled the top two for just a moment before the iPhone maker regained its highly-disputed first spot.

• Microsoft stock MSFT briefly climbed above $2.87 trillion on Thursday, surpassing Apple AAPL to become the world’s biggest company by market value. The neck-to-neck rally for the number one spot now looks to hinge on who can come up with the better set of AI tools and use cases.
• The “I’m on top of the world” feeling didn’t last long for the software creator. By mid-session yesterday, Apple had already recouped its losses and was on its way to cross $2.9 trillion while Microsoft had fallen under the $2.85 trillion mark. The close rivalry continues.
• Apple has been at the helm of valuations for more than 500 days. Microsoft briefly rallied ahead of the iPhone maker in 2020 and 2021 thanks to remote work and high demand for cloud computing. Now, the company led by Satya Nadella is fashionable for being a large backer of OpenAI and its AI product ChatGPT.