Apple tops Microsoft in market value again

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Apple Tops Microsoft News

Microsoft,Market Value

Apple has overtaken Microsoft to regain its title as the world’s most valuable company.

Microsoft to regain its title as the world’s most valuable company, the latest sign of improving investor sentiment over its growth and position with artificial intelligence.

“People have a high degree of conviction that they will be an AI winner, and it seems like this is a market where if you’re an AI winner, you’re being bid up a lot,” said Rhys Williams, chief strategist at Wayve Capital Management. “I assume both Microsoft and Apple will be somewhat of a horse race for the foreseeable future with Nvidia also in contention.”The Cupertino, California-based company rose 0.

“AI functionality is likely to drive a multi-year upgrade cycle from faster replacement, more switching and ASP increases,” wrote Bank of America analyst Wamsi Mohan, referring to average selling prices. “Apple Intelligence can drive a significant upgrade cycle and consensus estimates are too low.”The AI event came in the wake of a positive quarterly report in early May, when Apple also announced a $110-billion buyback plan, the largest buyback programme in US history.

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