After a summer stock surge, the Internet potentate surpasses rival Microsoft to become the second-most valuable in tech by market cap.
In May 2010, Apple attained a ranking long thought unthinkable -- the world's most valuable technology company, a position it achieved by dethroning longtime rival Microsoft.
Apple still sits atop the throne. But in the meantime another company has come along to kick Microsoft down a peg: Google, which capped off a summer surge in its stock price by overtaking Microsoft today in market capitalization. In the technology sector, only Apple has a bigger market value.
Google closed the day at $761.98, up 0.99 percent. Microsoft closed at $29.51, down 0.82 percent. And just like that, Google's market capitalization of $248.89 billion overtook Microsoft's value of 247.27 billion.
The day capped off a strong run for Google's stock, which surged more than 30 percent this summer amid improved earnings and a bullish Ci-ti report that set a new price target for the company at $850, up from $740.
Apple still sits atop the throne. But in the meantime another company has come along to kick Microsoft down a peg: Google, which capped off a summer surge in its stock price by overtaking Microsoft today in market capitalization. In the technology sector, only Apple has a bigger market value.
Google closed the day at $761.98, up 0.99 percent. Microsoft closed at $29.51, down 0.82 percent. And just like that, Google's market capitalization of $248.89 billion overtook Microsoft's value of 247.27 billion.
The day capped off a strong run for Google's stock, which surged more than 30 percent this summer amid improved earnings and a bullish Ci-ti report that set a new price target for the company at $850, up from $740.
0 Comments
If You liked this post or have any suggestions or query then you can leave your message below. We will reach you as soon as time allows because we love to hear what we have missed and what can be done just from you!