The end of Friday’s day on the stock market left a pleasant surprise for the residents of Redmond, since the price of Microsoft shares rose more than 5%which increased its market capitalization to US$2.89 trillion, an all-time high for the company which managed to surpass Apple which currently has a sizable valuation of US$2.87 billion.
Apple has been the most valuable company in the world (still talking about publicly traded companies) for over a year, while Microsoft had managed to overtake it twicemore precisely in 2018 and 2021.
A constant economic battle
Microsoft stock price rise in 2024 falls within the framework of artificial intelligence, remember that the company was one of the main players in the promotion of OpenAI, the creators of the famous ChatGPT. On the other hand, Apple has lost ground in terms of demand for its iPhones, particularly in China, where the pandemic has seriously damaged an economy which is still recovering very slowly. In addition, the main local manufacturer in these latitudes, Huawei, has also expanded its participation in the competition in its country.
The trade war between Apple and Microsoft dates back to the 1980s, where the two companies fought hard to gain control of personal computers, although the company founded by Steve Jobs gained a clear advantage in the 2000s thanks to the launch of the iPhone.
