Microsoft briefly overtakes Apple as world’s most valuable company

Microsoft briefly overtakes Apple as world’s most valuable company

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.

Idowu Babalola Photo
Idowu Babalola

Socially Not Social. IG & Twitter - @Braggamando

All author posts
Related Posts
Producer who has won Grammy and worked for Beyonce is arrested on 15 s.e.x assault charges
Producer who has won Grammy and worked for Be...

The Grammy award winning producer of Beyonce’s ‘Drunk in Love’  was arrested Wednesday on more than a dozen s3xual...

Ellen DeGeneres to end her talk show amid ‘bullying’ allegations
Ellen DeGeneres to end her talk show amid 'bu...

Ellen DeGeneres is reportedly set to end her eponymous talk show after 18 seasons, following accusations that she allowed...

Ariana Grande slammed for refusing to take selfie with disappointed fan
Ariana Grande slammed for refusing to take se...

Ariana Grande has been slammed for refusing to take a photo with a fan at the Grammy Awards. The...

Write A Comments