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.
Ned’s Nwoko’s alleged son has claimed Nollywood actress Shan George has been in his DM begging for his dad’s...
Tosyn Bucknor’s poem that was written by the late OAP herself just before her demise, has gone viral since...
Netflix has lost $25 billion since Elon Musk urged users to cancel subscription. The streaming giant’s market value has...