Marking a comeback against a longtime rival, IBM has lapped Microsoft in market value for the first time since 1996.
Big Blue had a market cap of $214 billion on the close of the market on Thursday compared to $213.2 billion for Microsoft.
The news comes after IBM's stock has been on a steady climb since a nadir in late 2008.
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Meanwhile, Microsoft's stock price rose after a low point that same period, but it has retreated from a high in late 2009.
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