Share price movements on Thursday saw Microsoft briefly overtake Apple to become the most valuable tech firm in the world.

Microsoft’s share price rose 1.6 percent on Thursday, giving it a market capitalisation of $2.875 trillion, before falling to $2.83 trillion as of 5pm GMT.

Apple meanwhile saw its share price fall slightly over concerns about weak demand, but as of 5pm GMT the iPhone maker was worth $2.86 trillion.

Share price

It was the first time since 2021 that Apple’s valuation has fallen below that of Microsoft, after concerns about Covid-impacted supply chain shortages two years ago had dented the iPhone maker’s stock price.

Microsoft meanwhile has been slowly reaping the benefits from its early lead in the AI sector, thanks to its heavy investment in OpenAI over the years.

Apple meanwhile is worrying investors over concerns that sales of the iPhone, its biggest money maker, will remain weak, especially in the major market of China.

It should be remembered that Apple had become the first publicly listed US company worth $1 trillion back in August 2018.

Then in August 2020, as the Coronavirus pandemic was engulfing the world, Apple breached the $2 trillion valuation.

Then in January 2022 Apple became the first company ever to (briefly) reach the $3 trillion market capitalisation milestone, after its shares hit a record high of $182.88.

However, it soon dipped below the $3 trillion mark.

Rival tech stocks

But Microsoft and Apple are not alone as being a tech company valued over a trillion dollars.

Rivals including Amazon, Microsoft, and Alphabet (Google’s parent) have also breached the $1 trillion market valuation.

Amazon for example is currently worth $1.58 trillion, and Alphabet is currently worth $1.77 trillion.

Tesla is currently valued at $720 billion down from $1.20 trillion in 2022, but Saudi Aramco is still the most valuable company in the world, valued at $7.94 trillion.

Facebook parent company Meta Platforms breached the $1 trillion milestone in June 2022 but is currently valued at $937 billion.

Tom Jowitt

Tom Jowitt is a leading British tech freelancer and long standing contributor to Silicon UK. He is also a bit of a Lord of the Rings nut...

Recent Posts

EU Widens Investigations Into Chinese Imports, Subsidies

After the United States imposes 100 percent tariffs on certain Chinese goods, Europe widens its…

22 hours ago

Reddit Deal With OpenAI Gives ChatGPT Access To Content

OpenAI strikes deal with Reddit to train its AI tech on user posts and give…

23 hours ago

Microsoft Invests 4 Billion Euros In France For AI, Cloud

Global spending spree from Microsoft continues, with huge investment for new data centre to drive…

1 day ago

Toshiba Axes 4,000 Staff In Post-Delisting Restructuring Operation

Workforce blow. Newly privatised Toshiba has embarked on a 'revitalisation plan' that will entail the…

2 days ago

European Union Opens Child Safety Probe Into Meta

European Commission opens an official child safety investigation into Facebook and Instagram-owner Meta Platforms

2 days ago