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.
Erling Haaland could be charged by the FA for his furious outburst that followed Manchester City’s 3-3 draw with...
Nigerian artiste Naira Marley might never stay away from making controversial statements. The artiste has stated that a woman’s...
Spanish La Liga champions Barcelona were in turmoil on Friday after six directors quit in the latest unravelling of...