Forget Apple: This "Magnificent Seven" Stock Could Be the World's Biggest Company in 2024
So far, Apple (NASDAQ: AAPL) is the only company in the world that has been valued above $3 trillion. Even with some recent pullbacks for the stock, the tech giant still has a market capitalization of $2.82 trillion and ranks as the world's most valuable business.
But fellow "Magnificent Seven" member (NASDAQ: MSFT) currently has a market cap of $2.73 trillion and is nipping at the iPhone maker's heels. While there's no doubt that Apple is a great business, I believe that it will lose the title of "World's Most Valuable Company" in 2024 and that Microsoft will hold on to it for a while. Here's why.
With its most recent earnings report, Apple delivered revenue of $89.5 billion and net income of roughly $23 billion. Meanwhile, Microsoft posted sales of $56.5 billion and net income of $22.3 billion.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 114 Buy predictions and 3 Sell predictions.
With a target price of 424 € there is a slightly positive potential of 13.22% for Microsoft Corp. compared to the current price of 374.5 €.
