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Apple Inc. was inching closer to a $2 trillion market capitalization on Wednesday. That would make it only the second US equity with AAPL at that level.
Microsoft last ended the trading session with more than $25 trillion on August 25, 2022, according to Dow Jones market data, but a sharp decline in tech stocks in the second half of last year brought it out of that stratosphere . Microsoft has been close to the mark again in six of the past nine trading sessions, as excitement builds around the company’s use of OpenAI’s technology in its products, particularly the Bing search engine, as it takes on Microsoft’s rival Alphabet Inc. Can make beef for. Google,
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Major search engine, Google. After showcasing updates to Bing on Tuesday, Google held its own AI event on Wednesday, but Google shares took a beating after Microsoft surged. Microsoft and Apple are the only two publicly traded US equities to close a session with $2 trillion valuations — Alphabet has hit the level in intraday trading, but never made it through the end of the session. Microsoft needs to close with a share price of $268.68 or higher to hit the $2 trillion mark; Shares were trading at $268.58 as of 2 p.m. Eastern Time, after hitting a high of $276.76.
Credit: www.marketwatch.com /