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
Why I fled from the university – Dakore finally speaks out
Why I fled from the university – Dakore fin...

Nollywood actress, Dakore Egbuson-Akande has opened up on why she had to flee from the University. Many people got...

Anthony Joshua reveals he has ‘been through a lot of pain’
Anthony Joshua reveals he has ‘been through...

Anthony Joshua says he has “been through a lot of pain” over the past two years as he bids to...

West Ham set to sign Super Eagles striker Ter...

West Ham have held further talks with Lorient over a potential £25million deal for striker Terem Moffi.   The proposal...

Write A Comments