Apple (AAPL) is no longer the most valuable publicly traded company in the world. After a disappointing earnings report marred by the impact of the global chip shortage, Apple’s stock fell more than 2% Friday, putting it $10 billion behind the new top dog, longtime nemesis Microsoft (MSFT).
Yes, Microsoft is still a massive player in the PC space. And that sector has been hurt by the shortage. But investors see the company more as a cloud play. And that segment has been growing at a rapid…
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