As noted by MarketWatch, shares of Apple rose 0.2% in morning trading Wednesday, enough for the tech giant to leapfrog Microsoft into first place on the list of largest U.S. companies by market capitalization, for the first time in three months.
Apple’s stock price rose 65 cents, which raised Apple’s market cap by $2.82 billion to $1.376 trillion. Meanwhile, shares of Microsoft fell $2.68, or 1.5%, to lower the software and cloud giant’s market cap down by $20.32 billion to $1.357 trillion. The last time Apple was the largest company by market cap was March 18, when it ended the day at $1.081 trillion versus Microsoft’s $1.069 trillion.
