The success of ChatGPT prompted Microsoft to invest a further $10 billion in OpenAI and begin integrating several of the start-up's technologies into its own platforms, like Azure and Office. This advanced chatbot stunned the world with its ability to produce human-like prose when it publicly debuted in November 2022. In 2019, Microsoft invested $1 billion in tech start-up OpenAI, the developer of ChatGPT. Moreover, the company's growing position in artificial intelligence (AI) boosted its stock by 15% since the start of 2023. Its market share has steadily grown from 11.7% in the first quarter of 2019. The company's development over the years is owed mainly to the potency of its products and services, which has led it to achieve a leading 24% global market share in smartphones with the iPhone. That growth has come alongside annual revenues, which have risen by 48% to $394 billion since 2018 while operating income increased by 68% to $119 billion. AppleĪpple shares are up by 274% over the last five years and 890% over the last decade. However, if you only have room for one in your portfolio, you'll need to know the better buy. Since the start of 2023, their stocks climbed by more than 15%.Īpple and Microsoft both have histories of immense stock price growth over the long term, making them compelling investments. During 2022, the tech-heavy Nasdaq Composite plunged by 33%, and only two companies among the five biggest names in tech outperformed the index.Īpple ( AAPL -0.43%) and Microsoft ( MSFT 0.23%) delivered similar performances last year under economic strain, proving the reliability and resistance of their businesses. The economically challenging environment highlighted the strength of some businesses and the weaknesses of others. Last year's stock market sell-off took a particularly heavy toll on the tech industry, and some of the world's most valuable companies experienced significant share price declines.
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