Microsoft overtakes Apple and snatches from it the title of the most valuable company in the world. This was reported by the Financial Times. Microsoft's shares rise 2.1 percent to a capitalization of $2.870 trillion, above that of Cupertino, which loses 1 percent. The advance reflects investors' optimism about Microsoft for artificial intelligence and Apple's recent struggles, amid the dispute over the Apple Watch and doubts about demand for the iPhone.
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