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
NBA star Marcus Morris Sr. arrested on fraud charge
NBA star Marcus Morris Sr. arrested on fraud ...

Marcus Morris Sr., a 13-year NBA veteran, was arrested on a fraud charge in Florida, according to online booking...

AFCON 2023: Super Eagles of Nigeria’s squad takes shape ; key players report to camp
AFCON 2023: Super Eagles of Nigeria's squad t...

As preparation for AFCON 2023 commences for the Super Eagles of Nigeria, here are key players who have arrived...

Kelly Hansome Alleges Don Jazzy Set Him Up, Got Him Arrested Twice
Kelly Hansome Alleges Don Jazzy Set Him Up, G...

Nigerian singer, Kelly Hansome in a social media post has alleged that Marvin records boss, Don Jazzy set him...

Write A Comments