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.
Super Eagles forward Ademola Lookman has revealed that switching his international allegiance from England to Nigeria was one of...
Manchester United midfielder, Paul Pogba has reportedly been offered a three year deal by Juventus. Pogba joined United in...
Annie Macaulay, the estranged wife of 2Baba, has credited her daughters, Isabella and Olivia, as her backbone following their...