Microsoft and Apple are fighting to be world's most valuable company

Microsoft and Apple are fighting to be world's most valuable company

Microsoft's market value is about US$816.3 billion. Shares of Apple were slightly lower in mid-day trading on Monday, while Microsoft jumped 2.4%. The slump took the company's market cap briefly below that of Microsoft Corp.'s on Monday, the first time in more than eight years that Microsoft was worth more by this metric.

Apple is at risk of losing its title as the world's most valuable publicly traded company.

According to Bloomberg, "the last time Microsoft was bigger than Apple based on market cap was in mid-2010".

Microsoft isn't immune to weakness in the technology sector, although the Redmond, Washington-based company has held up much better, falling about 8 percent from its own all-time high in October as investors take to its enterprise-oriented business, as well as the success of its cloud-computing division.

Meanwhile, analysts are also anxious about potential impact on the firm from the US-China trade war, with the Trump administration not ruling out the possibility of tariffs being imposed on Apple's made-in-China products. Considering that not long ago Apple (and Amazon not too long after) broke $1 trillion valuation, it has come a long way down since then, due in part to Apples latest (and most expensive) smartphones (XR, XS, XS Max) not selling as well as anticipated.

After becoming the CEO, Nadella refocused Microsoft on the cloud, which led to the software giant gaining market share in the fast-growing industry segment. Just last month, Amazon and Google parent Alphabet were also ahead of Microsoft in market capitalization.

According to Refinitiv data, 33 analysts recommend to purchase Microsoft's stock, only one had a negative rating and another had neutral rating.

For years, Apple has ruled as the US stock with the largest market cap.

Microsoft is one of the few technology companies that emerged relatively unscathed from the recent sell-off in tech stocks.

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