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What's Next for Tech Stocks Now That Microsoft Has Overtaken Apple?

By: Brenden Rearick
Brenden Rearick
Reporter | Joined March 2023
Brenden Rearick is a news reporter for Money who has covered investing and many other personal finance topics for almost four years. He has been a news reporter for Money since March of 2023.
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Editor: Julia Glum
Julia Glum, expert in the IRS, taxes, credit scores, saving, colleges, mobile payment apps, and News Editor at Money
Julia Glum
News Editor | Joined February 2018
Julia Glum joined Money in 2018 and specializes in covering financial trends that affect everyday Americans' wallets. She also writes Dollar Scholar, a weekly newsletter that teaches young adults how to navigate the messy world of money.
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Published: Jan 18, 2024 6 min read

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Big rising arrow, with Apple and Microsoft logos in the background.
Money; Getty Images

A beacon of change has been lit within the tech industry. In other words, Apple has lost its status as the stock market’s most valuable public company, replaced by fellow “Magnificent 7” member Microsoft.

The switch brings to an end Apple's nearly continuous decade-long reign as the Wall Street leader of big tech and the largest company in the S&P 500. The news signals big changes within the tech industry itself brought about by the popularization of AI, but does it change the outlook for tech stocks? Here's what investors should know.

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The tech stocks 'flippening' is AI-driven

In mid-January, Apple was overtaken by Microsoft as the most valuable public company in the world. At press time, the market capitalization, or total value of shares, for Microsoft was $2.92 trillion to Apple’s $2.91 trillion.