Artificial intelligence beats the iPhone: Microsoft is already the most valuable company in the world, surpassing Apple
We do not know what artificial intelligence will give. But the expectations are enormous, and that is why the valuation of Microsoft The stock market has skyrocketed. It is already the most valuable company in the world, surpassing apple.
Last Thursday, Microsoft exceeded 3 billion dollars capitalization on the stock market. Apple also reached that figure, but with a few million less. Today, Microsoft remains in 2.88 trillion dollars, and Manzana in 2.87 billion.
Both giants have exchanged positions in recent years, such as the most valuable private companies on the planet. After dethroning Google in 2016, Microsoft took first place in 2018, 2020 and 2021. Apple in 2019, 2022 and 2023.
Why Microsoft has surpassed Apple as the most valuable company
Despite the equality, the trajectory of both multinationals has been very different in recent months.
So far in 2024, Apple has already lost almost $200 billion in the value of its sharesafter several reports that reported iPhone problems in China due to political tension, and low sales projections for the iPhone 15.
Apple will put its Vision Pro augmented reality glasses on sale in a few days (don’t call them that in front of Tim Cook), and the prospects are not good either, due to their prohibitive price, starting at $4,000, since it is a market which for now is not very attractive at a mainstream level.
The opposite can be said of Microsoft, whose shares have been exceeding highs for six months.
After investing $20 billion in OpenAI in early 2023, the company obtained priority to access GPT and derivativeswhich it has been integrating into all its products, through Copilot: the Bing search engine, Windows 11, Office… sorry, Microsoft 365.
The fact that it has moved ahead of Google, Meta and company, which are currently running behind OpenAI without catching up, and that Microsoft announces new tools almost every week, has skyrocketed its shares.
Will Microsoft be able to maintain this first place for a long time? The expectations of AI are endless, but it still has some hurdles to overcome. There are complaints about violating copyright and privacy, and ethical questions about whether people will accept an AI replacing artists, writers, and many other professionals.
The European Union is also rumored to be investigating that alliance between OpenAI and Microsoft, which many see as a secret purchase.
Microsoft is once again the most valuable company in the world, surpassing Apple. Today, artificial intelligence is more important than the iPhone, but it still has to pass the great litmus test: being profitable and generating money.
