Microsoft tops m-cap table with $3.2 trillion; pushes Apple with $3.07 trillion to second spot

Microsoft ended the week as the world’s most valuable company, reaching a market valuation of $3.235 trillion. It surpassed Apple, which had long held the top spot, closing Friday with a market cap of $3.07 trillion.

Nvidia came in third, with a valuation of $2.76 trillion, according to The Information’s newsletter.

Microsoft’s stock jumped on Thursday after the company reported strong financial results for the March quarter, beating analyst expectations. Satya Nadella, Microsoft's CEO, said on a call with investors that demand for cloud and artificial intelligence (AI) remained strong.


Microsoft shares have consistently outperformed Apple’s throughout the year, reflecting growing investor confidence in its AI and cloud strategy.

The last time Microsoft saw such a big post-earnings stock surge was in October 2015, when revenue from its early Azure cloud business more than doubled, causing shares to soar by 10%, according to Investopedia.

Apple’s performance also beat expectations in the first quarter, driven by strong iPhone sales. However, new tariffs introduced under President Donald Trump have weighed heavily on the company.

Also Read: Apple shares lead tech higher after tariff exemptions

With a supply chain that depends heavily on imported components, Apple is particularly exposed to the impact of tariffs. Its share price has dropped 18% since the start of the year—one of the steepest declines among major tech players.

In addition, chief executive Tim Cook said that unless conditions change, Apple expects an additional $900 million in costs this quarter due to the tariffs.

According to Dow Jones Market Data, Apple’s drop in market value is the largest for any company at the start of this year, as reported by NewsMax.

Among the major tech firms, only Tesla has experienced a sharper fall, with its shares down 29% year-to-date.