Microsoft briefly overtakes Apple as world's most valuable company
(VOVWORLD) - Microsoft on Thursday briefly overtook Apple as the world's most valuable company for the first time since 2021 after the iPhone maker's shares made a weak start to the year on growing concerns over demand.
 (Photo: Reuters) |
Microsoft's shares have risen sharply since last year, thanks to the early lead the company has taken in generative artificial intelligence through an investment in ChatGPT-maker OpenAI.
Microsoft's stock closed 0.5% higher, giving it a market valuation of 2.859 trillion USD. Shares of Apple closed 0.3% lower, giving the company a market capitalization of 2.886 trillion USD.
Microsoft and Apple have jostled for top spot over the years.