Apple And Microsoft Lead The Way

Apple and Microsoft Remain Tech Giants, Battle for Stock Dominance

Apple and Microsoft Lead the Way

Apple Inc. (AAPL) and Microsoft Corp. (MSFT) continue to dominate the tech industry, holding the top two spots for global companies by market capitalization. As of August 1, 2023, Apple has a market capitalization of $2.87 trillion, while Microsoft stands at $2.887 trillion.

Apple's Steady Growth

Apple's stock closed with a 0.2% gain on Friday, marking the first time since November 2021 that the company's market capitalization reached $2.87 trillion. This modest growth follows a challenging year for the tech sector.

Microsoft's Market Dominance

Microsoft's stock climbed over 1% during the week, pushing the company's market capitalization to a record high of $2.887 trillion. This surge has solidified Microsoft's position as the world's most valuable publicly traded company.

Market Capitalization Comparison

Despite Microsoft's gains, Apple and Microsoft remain neck-and-neck in terms of market capitalization. As of Friday's market close, Microsoft's market cap was slightly ahead at $2.49 trillion, while Apple's stood at $2.46 trillion, according to CNBC data.

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