Microsoft Comes Close to Surpassing Apple as World's Most Valuable Company - Barron's

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Oct. 27, 2021 11:12 am ET

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Microsoft shares are hitting new all-time highs Wednesday—and the company is threatening to surpass Apple‘s position as the world’s most valuable public company. The move comes after the software giant produced another stellar earnings report, driven by accelerating demand for cloud computing services and surprising resiliency in PC demand.

Microsoft shares (ticker: MSFT) in early trading Wednesday have rallied 4.4% to $323.77, boosting its market capitalization to $2.43 trillion. Apple (AAPL) is down 0.2%, to $148.97, giving...

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