Microsoft Briefly Overtakes Apple as Most Valuable US Company (khaleejtimes.com)

Microsoft briefly overtook Apple as the world's most valuable listed company, fulfilling what it almost did eight years ago and adding a feather on the cap on CEO Satya Nadella. From a report: Redmond, Washington-headquartered Microsoft had a market cap of $753.34 billion, beating out the iPhone maker's $746.82 billion in intra-day trade on Friday at the Nasdaq in New York. Apple, however, regained control at the close. According to the Nasdaq website, Apple's market cap rose back up to $817.58 billion. Right behind it is Microsoft, which also increased to $791.19 billion. Tech companies have undergone some rough times recently. In particular, the so-called FAANG group -- Facebook, Amazon, Apple, Netflix and Google (Alphabet) -- had, as at November 20, combined market cap losses of over $1.02 trillion from their recent highs.

Comments

Not a surprise, really

[LynnwoodRooster]

Microsoft's stock gains have been slower and much more consistent - and the volatility of the stock is also a lot lower. Of course, MSFT makes most of its revenue from business-based revenue streams which are much less affected by consumer confidence/consumer purchasing, so it should be less volatile. Long-term, MSFT and AMZN will be the most valuable tech companies because of their dominant positions that tend to be more independent of consumer trends.