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.
Portugal captain Cristiano Ronaldo has confirmed he will extend his stay at Al Nassr, ending speculation over his future...
U.S. radio host, Ebro Darden has declared that rapper Nas has contributed more to hip-hop than any other artist...
Shade Ladipo has advised women to be careful who they choose to marry following Gbenro Ajibade’s outburst, where he...