2024-01-11 17:20:12
The software company Microsoft currently has a market value of $2,875.3 billion. This makes the company from Redmond in the American state of Washington the most valuable listed company in the world. Shortly after the New York stock market opened on Thursday, Microsoft’s share price rose by around 1 percent.
Microsoft’s share price rose by 57 percent in the year just ended and has continued to rise since the beginning of the new year. The company achieved double-digit revenue growth in its most recent fiscal quarter. When presenting quarterly figures, it said its activities around artificial intelligence (AI) had helped. Microsoft is involved in Open AI, the maker of the AI system ChatGPT.
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Apple, Microsoft’s worst opponent, currently only has a market value of $2,867.3 billion. Apple shares lost nearly 2 percent of their value in early trading in New York. In contrast to Microsoft’s, Apple’s share price has fallen slightly since the beginning of January. In recent days there have been reports that the iPhone maker’s business in China is slowing. Apple recently reported declines in sales for four quarters in a row.
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Microsoft had already displaced Apple from the top of the most valuable listed companies in 2018 and 2021, but was caught up again in each case. At the beginning of 2022, Apple’s market value exceeded the $3 trillion mark for the first time, and again in June 2023. Since then, the share price has fallen again.
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