Microsoft overtakes Apple as world's most valuable company briefly
REDMOND, Washington: After Apple shares started weakly this year due to slowing demand, this week, Microsoft briefly overtook the iPhone maker as the world's most valuable company for the first time since 2021.
Amid the early lead taken by the company in generative artificial intelligence (AI) through its investment in ChatGPT-maker OpenAI, Microsoft's shares have risen sharply since 2023.
Microsoft's sto