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Microsoft tops Apple to become most valuable company in US

CNBC logo CNBC 11/30/2018

Microsoft is the most valuable publicly traded U.S. company, surpassing Apple for the title.

Microsoft passed Apple in market cap again during intraday trading Friday, after jockeying for the top spot for most of the week. Microsoft surpassed Apple for seconds or minutes at a time all week, but Apple consistently beat out Microsoft in market valuation at market close.

At Friday's close, Microsoft held an implied market valuation of $851.2 billion, based on an outstanding share count of 7,676,218,736 shares as of Oct. 19, according to the company's most recent SEC filing. Apple's market valuation, based on an outstanding share count of 4,745,398,000 shares as of October 26, 2018, lagged just behind at $847.4 billion.

Click here to see Microsoft's (MSFT) latest share price

If Microsoft ends the year as the most valuable company, it will be the first year it closes out in the top position since 2002.

a screenshot of a cell phone© Provided by CNBC LLCSource: S&P Dow Jones Indices

Apple eclipsed a trillion-dollar market capitalization in August to become the first publicly traded U.S. company to hit the historic valuation. Amazon crossed the trillion-dollar threshold during intraday trading five weeks later, but has never closed trading above the benchmark.

Apple's stock has had a painful few weeks, spurred by disappointing earnings on Nov. 1 and an announcement that it would no longer disclose how many iPhones, iPads and Macs it sells each quarter, reducing transparency for investors. Shares have lost roughly 20 percent of their value in the last month.

Meanwhile, Microsoft stock has tripled in the past four years under the leadership of CEO Satya Nadella. It passed Google parent Alphabet by market cap and is up roughly 1 percent in the last month.

Related video: If you had invested $1,000 at Microsoft's IPO, here's how much you'd have now

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