Tencent Technology News, according to foreign media reports, in the minutes of the stock market opening on Tuesday (February 5), Apple regained the title of the highest US market capitalization company for the first time in more than two months.
However, by noon, Microsoft regained its first place. The day passed, and the two tech giants came back and forth until they ended up with Microsoft's market capitalization for $823 billion, ending the day's highest market value.
Since the stock prices of Apple, Microsoft and Amazon have plummeted at the end of last year, the capital markets of Apple, Microsoft and Amazon have been diving. Among the three companies, the highest market value has been converted seven times. With the release of quarterly results by large technology companies, three such changes have occurred in the past week. And Alphabet (Google's parent company) has been hiding behind.
This competition reflects the global economic concerns that plague the market and the changing technology market landscape, a shift in the past few years. About eight years ago, Apple overtook Exxon Mobil to become the company with the highest market value in the United States. After 2012, Apple has been leading for six years and has basically not been challenged.
The rise of the company is a prelude to big technology companies taking over the stock market. Investors snapped up shares in the largest technology companies and thought their sales growth was unassailable. By the second half of 2016, Facebook, Amazon, Microsoft, Alphabet and Apple had become the most valuable of the S&P 500 Index (S?? P500). Home company.
But last year, investor confidence in technology giants began to weaken. Apple's share price fell sharply because of signs of maturity in the mobile phone market and weak global economy, raising doubts about the company's ability to sell more smartphones.
Prior to this, Apple's nearly $450 billion market capitalization was erased, which is higher than all but six of the S&P 500 indices.
The share prices of other technology giants have also fallen. But in the past year, Microsoft, Amazon, and Alphabet have performed far better than Apple and the broader market, as the first two and Alphabet bet on the cloud computing business, driving revenue soaring.
Since the earnings report last week, the shares of Apple and Microsoft have recovered some of their lost ground, with a market capitalization of just over $820 billion, followed by Amazon's $815 billion and Alphabet's $797 billion.
In fifth place is Warren · Buffett's investment group Berkshire Hathaway. But its market value is 511 billion US dollars, far behind.