Microsoft passes Apple in market cap

Microsoft passes Apple in market cap

Microsoft Corp. is once again the most valuable company in the U.S., with the software heavyweight’s market cap topping $2.44 trillion Friday morning and surpassing Apple Inc. for the first time in more than a year. 

Microsoft’s better-than-expected earnings report earlier this week was the latest catalyst that pushed the stock higher. 

Meanwhile, Apple warned on Thursday that supply-chain disruptions are hindering iPhone and other product manufacturing. These issues are expected to bring increased challenges during the important holiday-shopping quarter. Shares fell Friday even as the company logged a record 12-month profit nearing $100 billion.

The last time Microsoft had a bigger market cap than Apple was July 2020, according to Dow Jones Market Data. 

Microsoft Overtakes Apple as Most Valuable Company – WSJ