Microsoft Beats Apple to Become Largest U.S. Company by Market Cap

Microsoft stock’s jump following a strong earnings report for its third fiscal quarter helped push the company past Apple to become the largest in the U.S. by market capitalization on Friday. Microsoft now has a market cap of $3.24 trillion, beating Apple’s $3.07 trillion. The software company gained $322.8 billion in market cap this week, while Apple lost $58.7 billion.