With a market cap of $2.37 trillion, tech giant Microsoft Corporation (MSFT) in Redmond, Wash., develops, licenses, and supports software, services, devices, and solutions worldwide. Its offerings range from Microsoft Teams, Office 365 Security, and Compliance to Xbox hardware and Xbox content and services in the gaming segment. In comparison, one of the most popular tech companies, Apple Inc. (AAPL) in Cupertino, Calif., is known for its innovative products, such as iPhones. In addition, the company offers various services, such as Apple Arcade, Apple Music, Apple News+ and Apple TV+. It has a market capitalization of $2.92 trillion.
Concerns surrounding high oil prices amid fears of supply disruptions and the possibility of aggressive interest rate hikes have raised questions about the stock market’s stability. After announcing its first-rate hike in more than three years, the Federal Reserve is expected to get more aggressive with interest rate increases to fight inflation. Amid this environment, it could be wise to invest in mega-cap stocks because of their companies’ impressive market dominance and solid long-term growth prospects. So, both MSFT and AAPL could generate steady returns in the long term.
