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.
Nollywood actress and filmmaker, Iyabo Ojo has revealed that her latest movie, The Return of Arinzo, has become the highest-grossing film...
Pan African 5th annual Music Fashion Runway #MFR unveils Alex of BBnaija as the face of this year’s event.MFR...
R Kelly’s victim Azriel Clary has revealed she lied about ‘everything’ in her 2019 interview with Gayle King after the R&B...