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Microsoft Tops Apple As Most Valuable Public Company Thanks To AI
Powered by its artificial intelligence assets, Microsoft has leapfrogged Apple to become the most valuable public company. According to Bloomberg, Microsoft’s market value finished the week a…
Over the past year, Microsoft has added about $1 trillion in value, as fascination with generative AI (a major point of contention in Hollywood’s dual strikes) increased. The tech giant invested $10 billion in it last year, making a claim on a large chunk of the profits made by its for-profit arm. Its shares have also drifted down about 4% in recent weeks on concerns about its fourth-quarter results and potential softness in its flagship iPhone, which accounts for more than half of company revenue.
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