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Thanks to AI, Microsoft Overtakes Apple to Become the World's Most Valuable Company 🌠🌟🌃
Microsoft has surpassed Apple to become the world's most valuable publicly traded company, driven by investor expectations for the corporation's artificial intelligence (AI) division.
According to Bloomberg, at the end of the trading session on January 11 (U.S. time), Microsoft's stock value increased by 1.5%, pushing the company's market capitalization to $2.9 trillion, surpassing Apple's $2.87 trillion.
In just the past year, Microsoft's stock has risen by 57%. This growth is attributed to investor confidence in the company's AI division, especially with the success of ChatGPT.
"At the moment, it's simply the era of AI," said Brad Reback, an analyst at Stifel investment bank. "Innovative AI will impact all of Microsoft's business activities, while Apple currently has fewer prospects in AI."
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