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.
The long wait had ended since the release of Davido‘s much anticipated tune, AZA featuring Duncan Mighty and Peruzzi....
A referee who officiated a match in the Portuguese league is trending online after flashing a ‘white card’ during...
Ori: The Rebirth, a Yoruba-language film directed by veteran Nollywood actor and filmmaker Muyiwa Ademola, has grossed N262 million in...