Microsoft continues its AI-powered march to the top of the corporate food chain. On Tuesday, the Redmond, Wash., software giant’s market cap crossed the $3 trillion mark, making it only the second company in history to record such a feat, alongside its old rival Apple.
The news comes just two weeks after Microsoft even overtook Apple to become the world’s most valuable company, although Apple regained its spot shortly afterward. The two companies, famous competitors since the dawn of the computing revolution half a century ago, have been neck and neck for the top spot in corporate America since the beginning of the year. In fact, understanding their decades-long competition is key to understanding just how instrumental Microsoft CEO Satya Nadella has been in taking the rivalry into this new, $3 trillion era.
