Microsoft’s MSFT, 3.30% market capitalization scaled to within $4 billion of overtaking Apple’s AAPL +1.35% as the US’s most valuable company.
Apple shares plummeted 1.77% in extended trade after POTUS Donald Trump told the Wall Street Journal that tariffs could be placed on China imported laptops and mobile phones. The loss expunged the 1.35% gain during the official trading session and put down Apple’s stock market value at $814 billion.
Meanwhile, Microsoft’s stock dipped 0.35% after hours to $106, putting its market cap also to $814 billion. Microsoft’s stock rallied by more than 3% in after yesterday’s official trading session during which the market scored wide gains. Both companies’ market capitalizations were calculated utilizing outstanding shares reported in their most recent 10-Q filings.
Microsoft could surpass Apple as the ‘most valuable company’ if its stock rose by 0.5% and Apple’s stock did nothing, or if Apple’s stock fell 0.5% while Microsoft shares did nothing.