Microsoft briefly edged out Apple as the most valuable company in the US

In intraday trading on Thursday, Apple was usurped as the most valuable company in the US for about two hours, with Microsoft temporarily taking the crown more than two years after the last time it happened.Credit: MicrosoftThe cross-over happened at about 9:50 AM ET, shortly after the market opened, and reversed itself around 11:10 AM ET. Apple has been hit by a few downgrades to its stock in the last few days, and Microsoft has seen the opposite.Trading has been slightly above-average overall on Thursday, with the NASDQ down by about a half-percent. Apple's stock has been hit by about $3 a share for losses today. Microsoft stock is down now, after briefly being up from Wednesday's close. Continue Reading on AppleInsider | Discuss on our Forums