[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]Microsoft’s market value hits $3 trillion, securing second place globally, trailing only Apple. The company’s shares reached a record high of $405.63, marking a 1.7% increase and pushing the market capitalization over $3 trillion. However, by the end of the trading day, the stock settled at $402.56, keeping Microsoft’s valuation just below the $3 trillion threshold.
The company’s success is attributed to strategic investments in cutting-edge technologies, particularly artificial intelligence (AI). In the competitive landscape of big tech companies, Microsoft faces rivals such as Google, Amazon, Oracle, and Facebook in the AI race. Microsoft’s integration of AI into its products has not only improved their quality but also enhanced competitiveness.
Read more:Â Microsoft Surpasses Apple, Becoming World’s Most Valuable Company
On the other hand, Apple, renowned for its iPhones, has faced challenges due to a slowdown in phone demand, particularly in China. Analysts emphasize that Microsoft’s focus on and advancements in AI have significantly contributed to its impressive performance in the stock market. Over the past year, Microsoft’s shares have experienced substantial growth, surpassing the increase seen in Apple’s stock.[/vc_column_text][/vc_column][/vc_row]
