Microsoft briefly overtakes Apple as world’s most valuable firm


Microsoft only held the top spot for a few seconds before returning to second place, but this nonetheless underscores how the explosion of interest in AI has reshaped investors' enthusiasm for the two firms. — AP

NEW YORK: Microsoft briefly dethroned its rival Apple to become the world's most valuable company Thursday, illustrating the contrast between a firm driven by artificial intelligence and another whose iPhone sales are a cause for concern.

Shortly after markets opened on Wall Street, the value of the Windows operating system creator reached a market capitalisation of almost US$2.9 trillion, slightly above Apple, according to calculations made by AFP.

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