- Microsoft (NASDAQ:MSFT) has reclaimed its title as the most valuable U.S. company by market cap at the close of trading, unseating Apple (NASDAQ:AAPL) after a more than six-year run in the top spot.
- MSFT ended the week with a stock market value of $851.2B, while AAPL's market cap has slipped to $847.4B after topping $1T in August.
- The two stocks jostled for the top spot all week long, with MSFT's market cap topping AAPL at several points in intraday trading but not at the close.
- AAPL shares have tumbled 19.6% since Nov. 1, when the company warned that Q4 sales likely would miss Wall Street estimates.
- But don't count out AAPL, Heartland Financial's Nancy Tengler tells CNBC: "Clearly the fundamentals are better for Microsoft in terms of which space they're in - the cloud space, the growth they're experiencing - but I'm not willing to walk away from Apple at these levels."
- Tengler says she is betting that AAPL will make a successful transition to the next big thing and will bring Wall Street along, although it may take some time.
- Now read: Apple: Doubling Of Services Revenue To 0 Billion
Original article