Only two days ago as the stock was seeing a strong reaction to earnings, we noted how Microsoft (MSFT) was gaining ground on Apple (AAPL) for the title of world’s largest stock by market cap. After reporting inline EPS and lower than expected revenues last night, AAPL is lower on earnings for the fifth quarter in a row. Meanwhile, MSFT has risen 6.5% since reporting top and bottom-line beats. In terms of market cap, MSFT has tacked on $149 billion over the past few days while AAPL has lost $82 billion today alone. Those inverse moves have lifted the market cap of Microsoft above that of Apple for the first time since June 2020. As shown in the second chart below, over the past few years MSFT and AAPL have battled back and forth for the largest stock spot. From last summer until recently, AAPL held significant ground on MSFT, but that is obviously no longer the case. Click here to view Bespoke’s premium membership options.