Investing.com – The battle between Apple (NASDAQ:) and Microsoft (NASDAQ:) for the title of the world’s highest market capitalization has been ongoing since early January, when the iPhone maker lost the crown to the company founded by Bill Gates, only to reclaim it on June 12 . A few days later, NVIDIA (NASDAQ:) joined the race and, with the help of artificial intelligence, managed to take the first place in market capitalization in the world, albeit for one session.
After all this confusion, order was restored and as of June 21 the rating is as follows:
- Microsoft: $3.312 trillion.
- Apple: $3.215 trillion.
- NVIDIA: $3.214 trillion
Despite the absolute gap of almost $100 billion between first and third, at the sky-high levels of these three US tech giants the difference is actually minimal, to the point where the rankings can again change from one session to the next.
Microsoft was one of the first to believe in AI
Beyond its historic and updated offering of software and digital services, one of Microsoft’s strengths is that it was one of the first to believe in the potential of artificial intelligence, investing heavily in OpenAI, a company that has grown its operations by more than doubled. annual revenue will increase to $3.4 billion from $1.6 billion at the end of 2023.
Apple continues to update its highs
Apple’s growth has been long and steady over the years, with its stock always overcoming temporary corrections and continuing to reach new all-time highs. The Cupertino-based company that revolutionized the world of communications with the iPhone has over the years become much more than just a smartphone maker and has successfully ridden the wave of artificial intelligence by seamlessly integrating it into its iOS operating system.
Nvidia, queen of chips
The days when Nvidia was considered solely a gaming company are long gone. Its revenue in the first quarter of 2024 was up 265% year-over-year, and its shares are up 170% over the past six months. In the semiconductor market, Nvidia is the absolute queen, with companies including Microsoft and Apple competing to get its core chips to train the language models that underpin generative artificial intelligence.
Target prices of Microsoft, Apple and Nvidia
In short, all three companies have what it takes to stay where they are, but which of the three is the better choice right now?
Here’s the ranking based on the price target set by analysts:
Source: InvestingPro
Of the three analysts surveyed by InvestingPro, Microsoft has the most confidence in its potential. The price target is set at $480 per share, which is 7.7% above the June 20 closing price of $419.7.
In the case of Apple, analysts estimate the target price to be slightly below the current value by 1.5%.
Finally, Nvidia has the most to lose with a price target of $126.75, down 3.1% from its June 20 price. But we know that the company, led by CEO Jensen Huang, is no stranger to surprising markets and proving analysts wrong!
InvestingPro users can follow all updates from Nvidia, Microsoft and Apple in a special section.
If you are not yet subscribed to InvestingPro+, Take advantage of our DISCOUNT: You can access analysts’ FAIR VALUE, TARGET PRICE and all financial data for over 180,000 listed companies worldwide by CLICKING HERE. HURRY, THE DISCOUNT WILL NOT LAST FOREVER.!
- CLICK HERE to subscribe to PRO+, Our all-inclusive subscription gives you access to:
- Advanced stock screenerwith which you can find the best stocks that meet your expectations
- ProPicks: AI-driven stock portfolios that can beat the market.
- Professional advice: Simple, immediate information that summarizes thousands of pages of complex financial data in a few words.
- Fair value and health indicator: 2 synthetic indicators based on financial data that give immediate insight into the potential and risk of each stock.
- Access to more than 1200 fundamental data
- 10 years of financial data on more than 180,000 companies (almost all stocks in the world!)
- Export data for offline use
- Stock Valuation with over 14 proven financial models
- Fundamental charts
- Useful widgets and dividends earn on dividends
So, what are you waiting for?!
Act fast and join the investment revolution!
***
Denial of responsibility: This article is written for informational purposes only; it does not constitute an invitation, offer, advice, consultation or investment recommendation and, as such, is not intended to encourage the purchase of assets in any way. Remember that any type of asset is assessed from different perspectives and is very risky, so any investment decision and the associated risk remains with the investor.