The American Microsoft has once again become the most expensive public company in the world after the fall in the value of Apple shares over the past few days.
As Ukrinform reports, CNBC reports.
Microsoft once again became the world's most expensive public company after Apple shares fell 23% in the rest of the trading session.
After trading in the US stock markets closed on Tuesday evening, Microsoft's stock stood at 2.64 trillion US dollars, while Apple's stock stood at 2.59 trillion US dollars.
It turns out that Microsoft has become the world's favorite among public companies at the beginning of 2024, and Apple has suddenly turned its title back.
Both Apple and Microsoft, as well as chipmaker Nvidia, were previously valued at over $3 trillion before the recent stock sell-off caused by US President Donald Trump's move against other countries.
As reported by Ukrinform, in the 8th quarter, Trump allowed the United States to vote “even a great deal on pharmaceutical products,” and later sent an additional 50% of the money to China, which would potentially increase the level of production taxes from China up to 104%.
It turns out that the actions of the countries, against such direct tariffs, will give a mirror image to the United States. Zokrema, Canada recently confirmed plans to impose 25-hundred-hundred-pound tariffs on American cars.