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.
Skales has voiced his worry about the alarming decline in trust in the government. He took to his X...
Ballon d’Or: Oshoala Ranked 16th Best In The World Super Falcons forward, Asisat Oshoala, finished in 16th position in...
Bayana Bayana beat Super Falcons to lift Aisha Buhari Cup. The Bayana Bayana of South Africa on Tuesday defeated...