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.
Chris Brown is under investigation for battery, and the alleged victim told the police he smacked the back of...
Nollywood actress Omotola Jalade Ekeinde is joining former Beauty Queen Omowunmi Akinnifesi with the #YetIWon challenge as she shares...
To celebrate her own birthday, social media influencer Laura Ikeji Kanu is gifting herself with a new Mercedes SUV....