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Reuters / Shannon Stapleton
- Microsoft briefly overtook Apple as the most valuable American company.
- It overtook Apple on Monday with a market value of about 812 billion dollars.
- Watch the trade of Microsoft and Apple live.
Microsoft briefly briefly overtook Apple as the most valuable company in the United States, with a market capitalization of about $ 812 billion. Nevertheless, Apple has found its place at the close of the stock market, with a market value of more than 825 billion dollars. The last time Microsoft had more value than Apple in 2010.
The turn of events was somewhat surprising, since less than two months ago, the market value of Microsoft had reached 887 billion dollars, while that of Apple had exceeded 1.12 trillion dollars. In August, Apple became the first US company with a valuation of $ 1 trillion.
But many things have happened since, while the stock market has suffered from its red October, one of its worst months since the financial crisis, with the Nasdaq Composite, a high-tech company, losing more than 12 %.
Read more: Microsoft's CTO presents the two technology trends that he believes will change the world: "People have not understood it yet."
Apple has been bullied since early October, while the sale of technology and fears of a slowdown in demand for its iPhones have weighed. Equities fell in a bear market, down nearly 24% from September's peak. Several providers have cut their forecasts, citing a drop in demand for smartphones. This pushed Goldman Sachs to lower its price target for the third time in November, bringing it to $ 182, about 6% higher than the stock price on Monday.
Microsoft has managed to hold on better than other big names in technology after its first-quarter results showed that it continued to follow the vision of CEO, Satya Nadella. When he took office in 2014, Nadella said he wanted to focus on his subscription and cloud activities.
And while sales of its cloud computing unit, Azure, grew at their slowest pace in at least two years, they were still up 76 percent year-over-year, remaining the dominant competitor in the dominant market, Amazon Web Services. . Microsoft stocks are down 8% from their September close at around $ 105 each.
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