Ladies and Gents, it looks like there is new Sheriff in town as Microsoft briefly surpassed Apple as the most valuable company in the World.
Apple kicked off 2024 with bad news: Barclays downgraded the company, dubbing iPhone 15 sales as “lackluster”. And they expect the upcoming iPhone 16 will carry on the same way.
On the other front: Microsoft. The company is closely associated with OpenAI and it is positioning itself as a leader in the ever-expanding artificial intelligence industry.
Both are great companies. But it is hard to see how Apple will continue to participate as a major player in a world obsessed with AI. Their hardware is popular awesome. But is it enough to keep it as the most valuable company on Earth?
It seems that companies like Microsoft and NVidia are benefitting a lot more from the AI boom than the last few years’ tech winners like Apple and Google.