Microsoft overtakes Apple to become the world’s most valuable tech company

Microsoft has overtaken Apple as the most valuable company in the world . The last time the company founded by Bill Gates beat the Cupertino company was in July 2020. 

Microsoft Corp. is positioned once again as the most valuable company in the United States , the market capitalization of the technology giant has reached US $ 2.49 billion, surpassing Apple .

Microsoft’s earnings report released earlier this week was the latest move to propel the stock higher as the company focuses on improving Office , Windows 11 and cloud services.

Meanwhile, Apple reached about $ 2.46 trillion, according to CBNC. Microsoft had already overtaken the Cupertino-based giant in 2018 and 2020.

The future of cloud services

Microsoft maintains a 20% share of the global cloud computing market, making it the second most valuable company in the industry, according to Gartnet Inc, behind Amazon , which owns a share of more than 40 percent. 

Apple and Microsoft are currently the only US companies with a market capitalization of more than $ 2 trillion.