IBM Tops Microsoft to Become Second-Most Valuable in Technology

On Thursday, IBM's market cap reached $214 billion.

Bloomberg: On Thursday, IBM's market value climbed to $214 billion, while Microsoft’s market value dropped to $213.2 billion. It was the first time since 1996 that IBM was worth more than Microsoft. The change also made IBM the fourth most valuable company in the world, and the second most valuable tech company. (Apple is still the world's most valuable company.)

This year, IBM's stock price has gained about 22 percent, and Microsoft's has fallen approximately 8.8 percent.

Tags: Microsoft, IBM

0 Comments (click to add your comment)
Comment and Contribute


(Maximum characters: 1200). You have characters left.



IT Management Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that datamation.com may send you Datamation offers via email, phone and text message, as well as email offers about other products and services that Datamation believes may be of interest to you. Datamation will process your information in accordance with the Quinstreet Privacy Policy.