Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

AI helps Microsoft hit $3 trillion market valuation

Published

on

Microsoft has achieved a significant milestone by surpassing a $3 trillion market value for the first time in its history.

It solidifies Microsoft’s position as the world’s second most valuable company, trailing closely behind Apple.

The race for the title of the most capitalized stock on Wall Street has been closely watched since the beginning of the year, with Microsoft and Apple frequently exchanging the top spot.

Earlier in January, Microsoft briefly claimed the crown as the most valuable company.

Market cap

Microsoft’s stock reached a historic high of $405.63, registering a 1.7% increase, which allowed the company to breach the $3 trillion market capitalisation mark.

Meanwhile, Apple’s shares experienced a slight decline of 0.35%, trading at $194.82, resulting in a market value of $3.01 trillion, according to data from LSEG.

Microsoft’s strategic investments, including its involvement with ChatGPT creator OpenAI, have positioned the company as a frontrunner in the race for market dominance in the field of generative artificial intelligence (AI).

Competing with other tech giants like Google’s parent company Alphabet, Amazon, Oracle, and Meta Platforms (formerly Facebook),

Microsoft’s utilization of OpenAI’s technology has led to the development of enhanced versions of its flagship productivity software and its Bing search engine, which is expected to compete more effectively with Google’s dominant search offering.

In contrast, Apple faces challenges such as slowing iPhone demand, particularly in China, where the company has resorted to offering rare discounts to boost sales amidst fierce competition from domestic rivals like Huawei Technologies.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Shows

China set to conquer the EV market

Published

on

China is set to lead the EV market, and BYD is a key reason.

The Auto Report provides comprehensive insights of developments in the rapidly evolving world of mobility. The program delves into pertinent trends shaping the automotive landscape.

Hosted by esteemed industry figures Matt Hobbs, CEO of Motor Trades Association of Australia and Mike Costello of Cox Automotive.

In this episode, Mike & Matt are joined by Mark Harland, Chief Operating Officer at EVDirect. #auto report #trending

Continue Reading

Shows

Tariffs impact the global EV industry

Published

on

Exploring global EV strategies and impacts of recent tariffs placed upon the industry.

The Auto Report provides comprehensive insights of developments in the rapidly evolving world of mobility. The program delves into pertinent trends shaping the automotive landscape. Hosted by esteemed industry figures Matt Hobbs, CEO of Motor Trades Association of Australia and Mike Costello of Cox Automotive. #auto report

Continue Reading

Money

Ferrari’s debut high-performance electric vehicle will be priced above $500,000

Published

on

Ferrari has unveiled details about its inaugural electric car, slated to be priced upwards of $500,000, as first reported by Reuters.

This announcement comes amidst growing global interest and competition in electric vehicles, with Ferrari aiming to blend its iconic design prowess with sustainable technology.

The Italian automaker, renowned for its high-performance sports cars, is expected to maintain its commitment to superior craftsmanship and engineering excellence in its electric offering.

Following the EV announcement, Ferrari also confirmed plans to establish a new manufacturing plant aimed at enhancing production flexibility and significantly reducing car development times.

Mike Costello from Cox Automotive joins to discuss the latest in EVs. #featured #trending

Continue Reading

Trending Now