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.
Comedian AY has taken to his social media to pen down a romantic birthday message for his wife, Mabel...
Real Estate company, Pennek Nigeria Limited, has recruited Mercy Johnson as its brand ambassador. The popular Nigerian actress was...
Tonto Dikeh has condemned the violent treatment of a fake beggar caught in Abakiliki, Ebonyi state. The man,...