The last time Microsoft had a bigger market cap than Apple was July 2020Microsoft Corp. is once again the most valuable company in the U.S., with the software heavyweight's market cap hitting $2.49 trillion and surpassing Apple Inc. for the first time in more than a year. The last time Microsoft had a bigger market cap than Apple was July 2020, according to Dow Jones Market Data. Microsoft becoming the most valuable company in the U.S. speaks to the momentum the company is seeing in the arms race in the cloud space, said Dan Ives, managing director for Wedbush Securities. By comparison, Apple passed $2 trillion in market cap in August 2020, becoming the first publicly listed U.S. company to do so. Microsoft and Apple are currently the only U.S. companies with market caps above $2 trillion.

Source: Wall Street Journal November 01, 2021 01:52 UTC