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.
Burna Boy, Ayra Starr, and Victony have been listed among the artistes to perform at the 2023 Dreamville Festival....
Award-winning Nigerian born music star, Waje has just announced her first-ever owned concert; Red Velvet which will be happening...
British actor and Harry Potter star, Paul Ritter, has died at the age of 54. His management in a...