Microsoft Surpasses Apple & Becomes World’s Most Valuable Company
The technology giant Microsoft has Corp surpassed Apple Inc to become the world's most valuable publicly traded company with a $300 billion rout.
After becoming the top company in the world, Microsoft shares rose 0.6 percent Tuesday, pushing the company's market value to $828.1 billion at the close. The last time Microsoft's market capitalization was bigger than Apple was in 2010.
Microsoft fell behind Apple as computing shifted from desktop machines to mobile devices like iPhones, making Microsoft's PC dominance less relevant. However, the company has made to the top spot and proved to be the topmost.
The rise of cloud computing changed Microsoft's fortunes about five years ago. Under Chief Executive Officer Satya Nadella, the company invested majorly in data centers and other in...