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
Watch How Ubi Franklin Escaped Being Scammed By Yahoo Yahoo Boys
Watch How Ubi Franklin Escaped Being Scammed ...

TripleMG boss, Ubi Franklin was given a story to tell about fraudsters over the weekend as he was almost...

Champz names the artists shaping the sound of his debut EP
Champz names the artists shaping the sound of...

ising Nigerian rapper Champz, the 14-year-old son of global superstar Wizkid, has opened up about the musical inspirations shaping...

Spotify names Ayra Starr No 1 female Afrobeats artiste
Spotify names Ayra Starr No 1 female Afrobeat...

Spotify has crowned Nigerian Ayra Starr, the number one female Afrobeats artist of the past year The streaming giant...

Write A Comments