Microsoft briefly outshines Apple as world's most valuable company

Microsoft briefly dethroned Apple as the world's most valuable company, as its foray into generative AI continues to push up its stock price.

The software giant's stock on Thursday jumped as much as 2%, putting the firm's market valuations at $2.903 trillion. At the same time, Apple's market cap dropped to $2.871 trillion after shares fell 0.9%, marking the first time since 2021 that the iPhone maker's value dropped below that of Microsoft.

By Thursday afternoon, however, Apple had regained its title, with Microsoft's valuation falling to $2.849 trillion.