Financial Insights

Microsoft nearly overtakes Apple as most valuable company

Driven by strong quarterly growth in the ​Azure cloud computing business, Microsoft’s share price rose 4.2%, closing with record $ 323.17 refinitive data. Prior to Thursday’s post-bell report, Apple’s share price at 4,444 fell 0.3%. Investors are looking at how the global supply chain crisis is challenging the company’s ability to meet iPhone demand.

​Microsoft’s share price has risen 45% this year, with pandemic demand for cloud-based services boosting sales. Apple’s inventory has increased by 12% in 2021

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