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Microsoft turns 50 as the world's second largest company—trying not to fall behind on AI [Fortune]

Apple Inc. (AAPL) More Company Research Source: Fortune

Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report

US:NASDAQ Investor Relations: investor.apple.com

As the company, founded with a vision of putting computers in every home and office, celebrates its 50th anniversary on Friday, it is looking to boost its fortunes by being a leader in the fast-developing field of artificial intelligence (AI). “From a storytelling standpoint, they've been a boring company and a boring stock,” eMarketer analyst Jeremy Goldman said of the Richmond, Washington-based behemoth. “It's funny because they have a $2.9 trillion market cap, and that is huge,” he continued, referring to Microsoft's value based on its share price. The only company with a higher market cap is iPhone maker Apple Cloud computing is fueling Microsoft's revenue with the help of its ubiquitous Office software, now hosted online and no longer released in boxes of floppy disks or CDs. “It's not a very sexy infrastructure, but it's a very valuable one,” Goldman said of Microsoft's data centers and software at the foundation of its cloud-computing platform. Amazon Web Services [Read more]

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