Microsoft has regained its spot as the most valuable tech company after reaching a record high for the first time in 11 months.
After Nvidia overtook Microsoft by a narrow margin with a market cap of US$3.45 trillion at Tuesday’s close of the market. Microsoft regained its title as the most valuable tech company on Thursday with its market cap growing to $3.48 trillion.
At the time of writing, Microsoft’s competitors, Apple and Nvidia stocks both fell and currently have market caps of $3 trillion and $3.42 trillion, respectively.
Meanwhile, Microsoft stocks have risen by 3.81% from the previous close of $487.68, with its first recorded record close since July 2024.
Other tech stocks have also dropped, including Elon Musk’s Tesla. Tesla stocks fell 14.26% from the previous close to $284.70 and, as of writing, have a market cap of $892.10 billion.
The EV giant's stock rise comes as Musk finds himself embroiled in a public feud with U.S. President Donald Trump, where each of them has been posting back and forth on their respective social media accounts, X and Truth Social.
The feud comes after Musk left the White House, where he was leading the Trump Administration's Department of Government Efficiency (DOGE) and slammed the Trump-backed spending bill.
Microsoft CEO Satya Nadella said the company is focused on fostering its relationship with OpenAI. In total, Microsoft has invested nearly $14 billion in AI startups.
