Microsoft surpasses Apple as world's most valuable company

Microsoft overtook Apple as the world’s most valuable company after the iPhone maker began in 2024 with its worst start in years due to growing demand concerns.Shares of Microsoft rose 1.5% in early trading hours on Thursday, giving the company founded by Bill Gates a market cap of $2.88 trillion.The Redmond, Wash.-based company’s surge has been attributed to its early lead in the generative artificial intelligence race, including its $1 billion investment in ChatGPT-maker OpenAI in 2019. Microsoft recentl ...