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.
A prison ID card once owned by late rapper Tupac Shakur has been sold at an auction for $30,000...
The marriage of UK based Nollywood actress Rita Nzelu has reportedly crashed. According to Stella Dimiko Korkus Blog, the...
Nollywood actress Mercy Aigbe has fired back at those who criticized her cleavage-baring outfit saying she is fully aware her...