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18 July, 2024
 
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Apple stocks dip as Microsoft claims market crown

Apple falters, Microsoft soars in market capitalization race

Newsroom

In a noteworthy development, Microsoft has eclipsed Apple in market capitalization, marking the first time since late 2021.

Recent data reveals Microsoft's financial prowess, boasting a market value of $2.87 trillion, while Apple trails slightly behind at $2.86 trillion.

The year kicked off with a sluggish performance for Apple's stocks, fueled by concerns regarding the trajectory of product demand.

Conversely, Microsoft's vigorous entry into the field of Artificial Intelligence (AI) seems to be a magnet for investors, indicating a dynamic shift in the market landscape. The tech giant's strides in AI technology have garnered positive attention, influencing its market standing.

This shift not only reflects the evolving dynamics of the tech industry but also raises questions about the future trajectories of these industry behemoths. Investors are closely monitoring these developments, eager to discern the broader implications for the technology sector.

[With information sourced from Reuters, MarketWatch]

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Cyprus  |  Apple  |  Microsoft  |  technology  |  AI

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