Microsoft nearly overtakes Apple as most valuable company

Oct 27 (Reuters) – A surge in Microsoft Corp’shares nearly unseated Apple Inc as the world’s most valuable company on Wednesday, a day before the iPhone maker reports its quarterly results. Fueled by strong quarterly growth in its Azure cloud-computing business, Microsoft’s shares jumped 4.to end at a record $323.17, elevating the software maker’s market capitalization to $2.426 trillion, just short of Apple’s $2.461 trillion valuation, according to Refinitiv data.

Link: Microsoft nearly overtakes Apple as most valuable company
via http://www.reuters.com

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