Microsoft Stock Set to Surpass Apple
Microsoft is gaining ground in the race to become the world's most highly valued company, with some institutional investors believing its focus on artificial intelligence (AI) puts it on course to potentially surpass Apple in market cap in the next five years. This prediction is the unanimous opinion of over a dozen institutional investors surveyed ahead of the publication of upcoming quarterly results.
Already this year, Microsoft's share price has increased by 8%, sending its market cap above $3 trillion and briefly overtaking Apple ($2.98 trillion) as the world's most valuable public company. With Microsoft's significant advancements in generative AI technology, all institutional investors surveyed are of the opinion that its lead could grow bigger.
The integration of generative AI in its range of products, especially cloud and enterprise applications, together with its strategic investment in the company behind ChatGPT, Open AI, will be key determinants in the