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Microsoft briefly overtakes rival Apple as world's most valuable company

  • Microsoft overtook Apple as the most valuable company, reaching a value of $2.87 trillion, while Apple shares fell by 1%.
  • Apple reclaimed its top spot by the end of the trading day, after concerns about supply chain shortages affected its stock price.
  • Microsoft's aggressive rollout of genAI-powered tools contributed to a 57% rise in its market capitalization, surpassing Apple's 48% gain in 2023.
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