The value of the American technology giant Microsoft in the stock market reached 3 trillion dollars for the first time, coming very close to its rival Apple. This was reported by Agency Reuters.
Microsoft shares rose 1.7% to $405.63 per unit, allowing the company to surpass the $3 trillion market cap level. At the same time, Apple shares were down 0.35% at $194.82, giving the company a value of $3.01 trillion.
Microsoft has taken the lead in market dominance in generative artificial intelligence (AI) among other IT giants, including Amazon and Google, thanks to its investment in OpenAI, which created ChatGPT.
Microsoft, with the help of OpenAI, has released new versions of its flagship software products, including its Bing search engine, which is expected to better compete with Google’s search engine.
Apple is facing declining demand for its iPhones, especially in China, where it offers discounts to customers to boost sales amid stiff competition from Huawei and other rivals.
Previously Microsoft temporarily happened The most valuable company in the world.