Friday, November 22

Tag: valuable company

Microsoft Surpasses Apple & Becomes World’s Most Valuable Company
29Nov By Gauri SinghNo Comments
BUSINESS

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...
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Microsoft Surpasses Amazon to Take the Spot of Second Most Valuable US Company
27Oct By Gauri SinghNo Comments
USA

Microsoft Surpasses Amazon to Take the Spot of Second Most Valuable US Company

The software giant Microsoft has reportedly reacquired its position as the second most valuable US company on Friday. This happened after Amazon showed a disappointing quarterly report as the company wiped $65 billion off the online retailer's market capitalization. The company that tops the list is Apple with over $1 trillion after crossing that threshold in September. Microsoft's market capitalization was Wall Street's highest in late 1998 through early 2000 before the dot-com bubble burst. The shares of Amazon reduced 7%, the most in nearly three years after its holiday season sales outlook missed targets. Microsoft fell a more modest 2% in a broad technology sell-off that was also driven by a weaker-than-expected report from Google-parent Alphabet, leaving the Nasdaq down 2.1% at...
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