Microsoft is on the verge of overtaking Apple as the most valuable stock

Microsoft overtook Apple to become the world's most valuable company on Thursday. This change occurred as Apple faced its worst start in years due to concerns about decline in demand. The increase in the market valuation of Microsoft is driven by its early advantage in profiting from generative artificial intelligence, which has attracted investors.

Meanwhile, Apple's market capitalisation dropped to $2.871 trillion, marking the first time since 2021 that it fell below Microsoft's valuation.

“It was inevitable that Microsoft would overtake Apple since Microsoft is growing faster and has more to benefit from the generative AI revolution,” said D.A. Davidson analyst Gil Luria, reported Reuetrs.