Microsoft may become the most expensive company in the USA
Microsoft Corporation is close to regaining the title of the most expensive company in the United States.
To do this, it only needs to surpass Apple, whose capitalization is estimated at $2.83 trillion. Microsoft's market value is $2.73 trillion.
The rise in the value of Microsoft shares is due to a global increase in corporate expenses. This, in turn, contributes to the development of the Azure cloud computing business. This area of Microsoft's business has also benefited from the rapid growth in popularity of AI-based technologies.
AI technologies have helped Microsoft surpass one of its main competitors in this sector - Google, a subsidiary of Alphabet.
Apple has not cost less than Microsoft since November 2021. In 2023, the value of Microsoft shares increased by 57%, while Apple securities became more expensive by 47%. In addition, at the beginning of 2024, Microsoft shares lost slightly less in value.
ORIENT news
