Microsoft briefly overtakes Apple as world’s most valuable company

Microsoft briefly overtakes Apple as world’s most valuable company

Microsoft has overtaken Apple for the first time since 2021 to become the world’s most valuable firm by market capitalisation – which measures the value and number of a company’s shares.

Microsoft surpassed Apple at numerous points throughout Thursday’s trading on the New York Stock Exchange (NYSE) when its value reached $2.87trn and Apple shares fell by 1%.

But Apple reclaimed the top spot as the trading day wore on.

This latest movement comes on the back of a major investment in artificial intelligence (AI) by Microsoft.

It’s the largest backer of OpenAI, the company behind the game-changing generative AI chatbot ChatGPT.

AI is also being embedded into Microsoft products such as its Bing search engine.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Braggamando

All author posts
Related Posts
Juliet Ibrahim Celebrates Ex, Iceberg Slim As He Turns A Year Older
Juliet Ibrahim Celebrates Ex, Iceberg Slim As...

Popular Ghanaian actress, Juliet Ibrahim who had a well publicized relationship with Nigerian rapper, Iceberg Slim has taken to...

Oscars organizers gets called out by fans of Chadwick Boseman for snubbing him
Oscars organizers gets called out by fans of ...

Fans of late Black Panther’s actor Chadwick Boseman have called out the 2021 Oscars organizers for snubbing the actor...

Oleksandr Usyk Beats Anthony Joshua To Retain Heavyweight Titles
Oleksandr Usyk Beats Anthony Joshua To Retain...

Oleksandr Usyk Beats Anthony Joshua To Retain Heavyweight Titles Oleksandr Usyk has out boxed Anthony Joshua to retain his...

Write A Comments