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.
Nollywood actress, Chioma Chukwuka Akpotha has shared a beautiful independence day-themed photo, with a clarion call to Nigerians to...
Nollywood actress Susan Peters has denied saying women should be allowed to have two husbands. She said bloggers misquoted...
Nigeria women’s national football team will take on Cameroon in two international friendlies in Yaoundé as part of preparations...