The Briefing Room
General Category => Economy/Business => Topic started by: Gefn on January 12, 2024, 01:45:49 pm
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Microsoft is nipping at the heels of longtime leader Apple, in the never-ending race to be the largest U.S. company.
Why it matters: It's another sign of how the emergence of artificial intelligence is prompting a reshuffling of the giant tech companies that dominate the market and heavily influence the U.S. economy.
Driving the news: In an otherwise sleepy session Thursday, the market value of Apple and Microsoft briefly crisscrossed before noon, after which Microsoft faded and left America's corporate league tables unchanged by the end of trading.
Both companies are worth just a touch under $2.9 trillion, according to FactSet data.
https://www.axios.com/2024/01/11/microsoft-overtakes-apple-largest-us-company
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fyi for those who follow the stock market
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Clash of the titans. MS is riding high on the AI speculation boom, while AAPL has taken a few consumer product hits of late.
LT bet? and if you have to go into the Tech Sector? Chips and other fungible hardware. Just my $.02