Investors see Microsoft's stock market value leaving Apple behind

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Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week.

Article originally published by Reuters. Hargreaves Lansdown is not responsible for its content or accuracy and may not share the author's views. News and research are not personal recommendations to deal. All investments can fall in value so you could get back less than you invest.

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29 Jan 2024

Microsoft's shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple as the world's most valuable company. As of Friday, the Redmond, Washington software maker's market capitalization was a few billion dollars above Apple's. Asked which would be more valuable five years from now, all 13 investments strategists and portfolio managers consulted by Reuters last week said they expect Microsoft to outpace Apple. Share prices and valuations could shift this week as Microsoft reports its quarterly results on Tuesday, followed by Apple on Thursday. In the long term, though, all the investors consulted by Reuters said Microsoft's recent successes in generative AI give it a powerful advantage over Apple.

Still, the race between Apple