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
I’m born again – D’banj says as he narrates how God blessed him with two kids after he lost his first child
I’m born again - D’banj says as he narrat...

Superstar singer, D’banj has narrated how God blessed him with two kids after he lost his first child three...

Dino Melaye denies buying daughter a Lamborgh...

Many media houses were led wrongly today when a page thought to belong to Dino Melaye’s duaghter showed off...

Blaqbonez Announces 4th Studio Album NO EXCUSES – Dropping August 22nd
Blaqbonez Announces 4th Studio Album NO EXCU...

Blaqbonez is back – bold, unfiltered, and ready to make another mark. The genre-defying Nigerian rapper has officially announced his 4th studio album,...

Write A Comments