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. 

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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.