Microsoft catching up to Apple in market value

Microsoft CEO Satya Nadella

Microsoft CEO Satya Nadella

Currently, Apple has a market cap of almost $829 billion, meaning it has shed about $270 billion in value after cresting at a record $1.1 trillion valuation in early October.

For the first time in years, Apple gave up its crown as the world's most valuable publicly traded company Monday, at least for part of the trading day. Microsoft's market value is about $817 billion.

Furthermore, Bloomberg reports, Microsoft's market cap previously matched Apple's last in 2010, eight years ago.

Thirty-three analysts recommend buying Microsoft's stock, while just one has a negative rating and another has a neutral rating, according to Refinitiv data. In August, Apple became the first USA company with a $1 trillion valuation.

Apple no longer the most valuable USA company after Microsoft Corporation surpassed it in terms of market capitalization.

Microsoft isn't immune to weakness in the technology sector, although it has held up much better, falling about 8 per cent from its own all-time high in October as investors take to its enterprise-oriented business, as well as the success of its cloud-computing division. When he took over in 2014, the executive said he wanted to focus on subscription-based business and the cloud.

Apple's valuation has been in a freefall since passing the $1-trillion mark in August, and shares have fallen 22 percent after the issuance of relatively weak first-quarter guidance and despite Cupertino's Q4 earnings beat. "It is not bullish when the biggest stock in the world is in "falling knife" mode", he wrote to clients on Monday. However, by the stock market's close, Apple was able to regain the spot with a market value of over $825 billion.

Microsoft became a juggernaut among software makers, while Apple and other Silicon Valley companies fought for market share.

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