Business

Microsoft approaches $2 trillion in market value as its stock hits record high

9 days ago   |   By

Microsoft CEO Satya Nadella.
Stephen Brashear/Getty Images
Microsoft is closing in on a $2 trillion market capitalization. It would be only the second US company after Apple to pass that threshold. The computing titan's shares surged 60% in 2020 and are up another 17% this year. See more stories on Insider's business page. Microsoft could soon become only the second American company ever to command a $2 trillion market capitalization. The computing giant's stock price climbed more than 1% on Thursday, boosting its market cap to a record high of $1.9 trillion. If the shares rise another 5%...
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Apple's stock price doesn't reflect the 12% upside offered by its growing autonomous-vehicle ambitions, UBS says

9 days ago   |   By

Apple CEO Tim Cook.
Karl Mondon/Digital First Media/The Mercury News via Getty Images
Apple's stock price doesn't reflect the 12% upside offered by its autonomous vehicle ambitions, UBS said.
The tech giant has never formally confirmed its working on a car.
However, recently filed patents hint at its ongoing plans to develop AV technology.
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Apple's current stock price doesn't reflect the tech giant's budding autonomous-vehicle ambitions, according to a team of UBS equity analysts led by David Vogt. The analysts have...
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