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[Tuff-Stuff]

Apple and Microsoft market reached their largest spread on record - at
roughly Telsa's entire valuation.

October 31
Apple's stock gained after earnings as company called out strength in iPhone demand, but Microsoft's stock fell amid cloud concerns

The divergent performances of Apple Inc. and Microsoft Corp. in the wake of their latest earnings reports widened the spread between the two companies’ market values to the largest on record at more than $700 billion to close out last week.

Apple's price- to -earnings ratio on a next-12 basis is also higher than Microsoft's in a somewhat rare occurrence. While the smartphone giant’s forward P/E has been higher than Microsoft’s during several days in September and October, it hadn’t been above Microsoft’s before those instances since January 2021, per Dow Jones Market Data, based on FactSet data.

Apple had a 24.48 P/E ahead of Monday’s open, while Microsoft’s was 23.25.

Shares of both names remain down on the year, however, with Microsoft’s stock off 31% over the course of 2022 and Apple’s off 14%. Together, Apple, Microsoft, Alphabet Inc., Amazon.com Inc., and Meta Platforms Inc. have shed $3 trillion in market value so far this year.
FULL @
https://www.marketwatch.com/story/apple-and-microsoft-market-caps-reached-their-largest-spread-on-record-at-roughly-teslas-entire-valuation-11667226567?mod=home-page