Notes From All Over -- Late Afternoon Edition -- June 2, 2020

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MSFT vs AAPL, link here.

Software giant Microsoft could reach a market capitalization of $2 trillion in two years thanks to its cloud-computing growth, a Wall Street analyst said Tuesday.

The prediction comes a day after another analyst said Apple could hit the same market value in four years. Microsoft stock rose on Tuesday.

In a note to clients, Wells Fargo Securities analyst Philip Winslow said he envisions Microsoft hitting a market value of $2.2 trillion in two years. That's a level greater than Italy's gross domestic product in 2019, he noted.

That market cap would translate to a Microsoft stock price of 283, he said. Microsoft's current market cap is about $1.4 trillion, or roughly the same as Apple's value. On Monday, Evercore ISI predicted that Apple will reach a $2 trillion market cap in the next four years.