Microsoft shares rose to $405.11 on Wednesday evening. The company’s market value then amounted to $3.008 trillion.
Microsoft shares corrected slightly on Thursday, falling below $403. The company’s market value was $2.99 trillion, while Apple’s was $3.01 trillion.
The rise of US stocks to record highs will be tested in the coming weeks, when major technology companies release financial results, Reuters reminded.
Microsoft will add an AI button to the keyboard
He bets on artificial intelligence
Since the beginning of the year, Microsoft and Apple have been competing for first place as the company with the highest value on the stock market. At the beginning of January the iPhone maker briefly lost the crown to the owner of the X-box.
Microsoft has recently invested heavily in artificial intelligence and the Open AI company. According to the latest study from the Massachusetts Institute of Technology, artificial intelligence could now effectively replace up to 23% of jobs in the United States.
Human labor is cheaper than artificial intelligence. Still
2024-01-25 12:52:46
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