Microsoft has just regained its position as the second most valuable US company by market capitalization. The company has lost this position for Amazon back in April this year. After the company’s report of a good Q3, which the largest part of its profit coming from cloud computing business, the company returned to the position, while Amazon lost $65 billion off of its market cap.
Apple still sits on the throne as the US top company with over $1 trillion value followed by Microsoft and Amazon. The latter shares dropped 7% after missing targets on its holiday season sales. Microsoft now has a value of $805 billion, which is $18 billion above Amazon’s $805 market cap.
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Apple is yet to report its quarterly revenue on November 1st. So we’re still waiting to see the results of the most valuable US company, but considering the recent release of iPhone XS, XS Max, and XR, we doubt that the numbers will be other than the satisfactory for the company.
We can’t say that Microsoft was struggling, but the company has lost some appeal in the past few years. After a change in its market strategy, seems that the company is finally ready to rock once again.