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.
Wolfsburg has completed the signing of 22-year-old Nigerian-eligible striker Lukas Nmecha on a 4 year deal worth 11 million...
Lawyer to Nigerian singer Paul Okoye said the musician is yet to be served with the divorce petition filed...
Anthony Joshua has vowed to defeat Oleksandr Usyk when they meet in their title rematch on Saturday, August 20....