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Microsoft Overtakes Apple As Largest U.S. Company On AI Boost

via Tech Vision on Youtube
This article was originally published at StateOfUnion.org. Publications approved for syndication have permission to republish this article, such as Microsoft News, Yahoo News, Newsbreak, UltimateNewswire and others. To learn more about syndication opportunities, visit About Us.

Microsoft’s stock has surged, making it the world’s most valuable company, surpassing Apple.

The rise is attributed to its leadership in AI-related technologies and investment in OpenAI’s ChatGPT.

Investors believe AI adoption will help Microsoft challenge Google’s dominance. (Trending: Clintons Scramble To Delete Embarrassing Photo, But Were Too Slow)

Meanwhile, Apple has faced a decline due to concerns about its earnings and iPhone demand, potentially linked to a lack of a clear AI strategy.

Other tech giants like Nvidia are also experiencing stock value boosts due to the growing impact of AI across various industries.

“Currently, over 50% of all enterprises we recently surveyed see 20+ use cases for Generative AI and 80%+ of all enterprises see 10+ use cases including data analysis, marketing content creation, document editing/summarization, and many more to improve business operations, increase efficiencies, and create a more cost-effective capital structure with the benefits of using Generative AI becoming increasingly clear,” Wedbush analyst Dan Ives said.

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