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Apple Briefly Regains Title as Most Valuable U.S. Company

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Apple very briefly retook its title as the most valuable publicly listed U.S. company on Monday, beating out Microsoft and Amazon.com, while Alphabet was close behind the trio as it prepared to report its quarterly results.

With Microsoft and Apple rallying almost 3 percent, Apple’s market capitalization for a few seconds was $806.6 billion, exceeding Microsoft’s by $200 million and Amazon’s by about $1.2 billion.

Microsoft quickly returned to its spot as the most valuable company, but Apple was on track to end the session above Amazon, up 0.4 percent, taking the No 2 spot.

Average analyst price targets imply Amazon would become by far the most valuable U.S. publicly-listed company at $1.03 trillion, followed by Microsoft at $967 billion, Alphabet at $927 billion and Apple at just $835 billion, according to Refinitiv data.

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