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Microsoft Overtakes Apple in Market Cap Race

As the tides fall in the tech sector, Microsoft's market cap has emerged as the largest.

Back when tech stocks were on the upswing, Apple and Amazon both drove and benefited from the trend, 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 midday 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 11/26/2018 at 11:55 AM


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