Microsoft's capitalization exceeds 3,000 billion USD

American software giant Microsoft is the second company in the world to reach a capitalization of 3,000 billion USD, after Apple.

During the trading session on January 24, Microsoft shares increased by 1.7% to a record of 405.6 USD. This brought the company's capitalization to 3,000 billion USD. However, at the end of the session, this code was only 402.5 USD, causing Microsoft's capitalization to fall to 2,992 billion USD.

The US software giant is the second company in the world, after Apple, to have a market capitalization of $3,000 billion. They are also currently the second most valuable company in the world, after Apple. Apple shares fell 0.35% yesterday, bringing the market capitalization to $3,000 billion.

Outside Microsoft's office in California (USA). Photo: Reuters

Earlier this month, Microsoft surpassed Apple to become the world’s most valuable company. Thanks to its investment in OpenAI, ChatGPT’s parent company, Microsoft is now considered a leader in the generative AI race among tech giants including Alphabet, Amazon, Oracle, and Meta Platforms.

Microsoft has integrated OpenAI's artificial intelligence technology into its software, a move that will help its cloud computing business recover strongly in the third quarter of 2023. Being at the forefront of AI also gives Microsoft more opportunities to challenge Google's dominance in the search industry.

In contrast, Apple is facing weak demand, including for the iPhone - its golden goose. Demand in China is falling as the economy has not fully recovered from Covid-19. In addition, Apple is also facing increasing competition from Huawei there.

“I think AI is the key to Microsoft’s appeal to investors,” said Brad Reback, an analyst at Stifel. He said Apple doesn’t have a “clear AI story” and iPhone sales are slowing.

Microsoft shares rose nearly 57% last year. They are up 7% this year. Apple shares are up 48% and 1%, respectively.

Ha Thu (according to Reuters)

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