Apple CEO Tim Cook (left) and Microsoft CEO Satya Nadella.
Reuters
apple and microsoft Stocks rose on Tuesday, pushing the company’s market capitalization above $4 trillion.
Both companies are still behind Nvidiathe world’s most valuable company with a market capitalization of over $4.6 trillion. Microsoft previously hit the $4 trillion benchmark in July.
Microsoft shares rose about 3% on news that the company has finalized a 27% stake in OpenAI’s commercial venture. The company has been supporting ChatGPT manufacturers since 2019.
The milestone comes as Apple stock has soared in recent weeks as the iPhone 17 model, released in September, sold better than its predecessor.
Apple stock has risen 25% in the past three months. The company will announce its fourth quarter results on Thursday. Microsoft, which has risen 6% over the past three months, will report earnings on Wednesday.
“Apple stock heads into its next earnings session on a more upbeat note than at any time in the past year,” JPMorgan analyst Samik Chatterjee wrote in a note Monday. He gave the stock a buy rating and raised his price target to $290 per share on Monday.
The company also appears to have avoided the worst-case scenario related to the Trump administration’s tariffs. Apple is moving much of its U.S. supply chain to India and Vietnam, while maintaining friendly relations with the government regarding U.S. manufacturing.
“The announcement of an increased pace of domestic investment, coupled with a rapid shift in manufacturing products for the US market outside of China (India, Vietnam), has improved Apple’s position in the tariff landscape,” Chatterjee said.
Correction: This article has been updated to say Microsoft reached the $4 trillion benchmark in July.
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