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Apple (AAPL) currently has the largest market cap of any company in the world, with Microsoft (MSFT) a close second. Microsoft's shares have outperformed Apple shares recently as investors see better growth prospects and far less China risk in Microsoft than Apple. Microsoft gets less than 2% of its revenue from China, compared to about 20% for Apple. Also, Microsoft’s position in markets, including artificial intelligence (AI) and cloud computing, makes the stock more attractive to some investors than Apple.
Apple’s market cap currently stands near $2.8 trillion, down from a peak of nearly $3.1 trillion but still above Microsoft’s $2.4 trillion. While the price of Apple’s shares have declined this month, shares of Microsoft have held steady, narrowing the gap between the two companies to about $200 billion. Microsoft’s market value was last larger than Apple’s in November 2021.
