Microsoft's Market Capitalization Exceeds $2.888 Trillion for the First Time

Friday, January 14, 2024. A new milestone in Microsoft's history unfolded as its stocks surged by over 5%, reaching a record market capitalization of $2.888 trillion. This propelled the corporation to the top of the list of the world's most valuable companies, surpassing Apple. Fueled by the growing interest in artificial intelligence, Microsoft outpaced its rivals, reclaiming the leading position.

However, the success was short-lived, as Apple's stocks later regained their ground. Apple's market capitalization dipped to $2.887 trillion, slightly edging past Microsoft. In a swift turn of events, Apple retook the lead when its value reached $2.86 trillion, while Microsoft descended to $2.83 trillion.

Analysts note that Microsoft's success is attributed to the heightened interest in artificial intelligence, supported by being the largest investor in OpenAI. Meanwhile, Apple faces challenges due to declining demand for the iPhone, particularly in China, where competition from Huawei intensifies.