Apple CEO Tim Cook (left) and Microsoft CEO Satya Nadella.
Reuters
microsoft ended U.S. trading on Friday as the most valuable publicly traded company. apple rear simply It was the top iPhone maker in intraday trading on Thursday.
Microsoft shares rose more than 3% for the week, giving the company a market capitalization of $2.89 trillion, while Apple shares fell more than 3%, lowering its valuation to $2.87 trillion.
James Caldwell, analyst at Redburn Atlantic Equities demoted Apple on Wednesday gave the stock a neutral buy rating, citing „little upside room for the next few years“ on iPhone growth and „an overwhelmingly weak expected March quarter.“
apple said on thursday That former vice president al gore He has served on the company's board since 2003 and is scheduled to retire from the company's board next month.
Meanwhile, Microsoft received a vote of confidence Thursday after discussing its artificial intelligence capabilities with developers at an event in San Francisco. Piper Sandler analysts told clients in a note that they were „encouraged by the momentum around our most mature AI products,“ noting that GitHub's website traffic has accelerated year-over-year for the third consecutive month. Ta. Analysts give Microsoft stock the equivalent of a „buy“ rating.
Apple has been the most valuable publicly traded company for more than a year, after brief periods when Saudi Aramco and Microsoft held that honor.
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