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.
Popular singer Yemi Alade has opened up about her ideal partner, saying she values humor but dislikes overly silly...
Snoop Dogg has taken aim at Cardi B and Meggan Thee Stallion’s controversial hit single WAP and told the...
Nigerian superstar, Davido has reacted to the ongoing beef between Naira Marley and Ruggedman due to their contradictory views...