Microsoft topples Apple to become global market cap leader

News Snapshot:

(Reuters) — Microsoft has eclipsed Apple to become the world's largest company by market capitalization, driven by its deep focus on generative artificial intelligence (AI), a sector that has garnered increasing investor favour. According to LSEG data, Microsoft's market cap stood at $2.887 trillion, its highest ever, while Apple's market cap was $2.875 trillion as of Friday's close after peaking at $3.081 trillion on Dec. 14. The tech giant, which along with Nvidia and Amazon placed a significant emphasis on AI, has experienced substantial market surges over the past year. Notably, Microsoft's market value has risen by over $1 trillion....