Microsoft Corporation (NASDAQ: MSFT) is closing in on Apple Inc. (NASDAQ: AAPL) in terms of market cap as the most valuable company as investors gravitate towards the software titan, lured by its promising growth and diminished China-related uncertainties, according to a report by Bloomberg.
Microsoft's strongholds in areas like cloud computing and artificial intelligence are turning heads, drawing more investors to its fold, while Apple is still grappling with issues in China.
Over the last six months, Microsoft stock jumped 20.88%, compared with Apple's 13.07% gain, as the iPhone maker lacks a solid AI strategy.
Apple's Market Cap stands at $2.782 trillion, while Microsoft stands at $2.445 trillion, according to data from Benzinga Pro.