Posted on 11/26/2023 5:40:14 PM PST by SeekAndFind
Look out, Apple (AAPL)! Microsoft (MSFT) is right on your tail and gaining fast.
Supercharged by its AI chops, Microsoft's market value is now $2.8 trillion — just 5.7% shy of Apple's at $2.98 trillion. That means Microsoft's share price only needs to hit 400.53 — it's already at 377.80 — to dethrone Apple as the most valuable S&P 500 company. Given Apple's reliance on now-ubiquitous smartphones, it's only a matter of time when it bows out to faster-growing Microsoft, analysts say.
"As markets and investors start to wrap up the year, Microsoft seems destined to be the most valuable public company in the world once again," said Nicholas Colas of DataTrek Research.
The software giant carried the highest weight in the S&P 500 most recently at the start of 2019, DataTrek says. But prior to that, it hasn't been the king of the market-value hill since the dot-com heyday of 1999-2000 and the aftermath in 2003.
And make no mistake, if Microsoft pulls the jump off, it's due to two letters: AI. Generative AI is already revolutionizing industries. And Microsoft's position with Open AI founder Sam Altman puts it in a class of its own. The fact that Microsoft so quickly moved to hire Altman when he left Open AI signals Microsoft's big bet on the technology, Colas says.
Microsoft's profit is seen rising more than 14% in the current fiscal year, topping the anemic 6.9% profit growth expected from Apple. Apple still has no AI strategy.
"Microsoft was the largest company at the height of the 1990s dot-com bubble and now, over two decades later, (it) is poised to reclaim the crown
(Excerpt) Read more at investors.com ...
And why would that be “dangerous”?
It’s supposed to be a market.
I thought smartphones were already smart; iow, with intelligent chips inside.
All Apple needs to do is make their smartphones smarter, and claim the patents for ‘smarter’ phones.
Imagine iPhones with AI inside. I can see the lines of people waiting hours trying to get their hands on the latest and greatest. Back to the future. ;)
I don’t trust AI and don’t plan to use it.
I need a new phone and I’m hoping to last until I get to 2024, but I want the ability to turn off AI.
Apple losing lustre is pretty much expected, because they offer a fairly narrow line of products.
Because the number one spot in a market helps sell your products. If you are not number 1, you are just one of many.
That is baloney. Lots of companies do just fine with being smaller than the biggest.
The lemmings might care, but smart buyers aren’t always lemmings.
And lemmings are rarely intelligent buyers.
When was the last time they intro’d a new groundbreaking product?
............
According to Wikipedia, Mac Studio and Pro XDR Studio Display were their last products.
It’s not fine when your bottom line is dependent on selling what feels like premium products.
:mad:
You’re probably right.
Hyperbole, brought to you by the same people who declare in BOLD 24pt about some new gimmick: "This Changes Everything!!!"
Ummm, no, it doesn't. It's just another gimmick.
"Dangerous"? Not.
A very good question.
Excel?
Which was a rip off of VisiCalc
The article is irrelevant sensationalism written to make the author’s weekly word quota
I might even dump Apple Music in favor of Spotify because I am getting increasingly frustrated with the user experience. Sad because I have been a big Apple fan all along and I have nearly 20 years invested in the iTunes/Apple Music ecosphere.
I suspect some short term decline in tech leaders is coming due to the Bidenomics Recession we’ve been in pretty much since day one of the grifter’s regime. I’m not the only one — the promise of the return of The Big Bucks explains the AI bubble hysteria.
No one should call mobile phones and a PC market with profits in two places (specialty game machines, and AAPL) a “mature industry”, particularly since none of the people running it seem to be mature.
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