As the race to develop artificial intelligence heats up, both Alphabet and Microsoft are vying for position (Observer, NY Post). The question will be suspended on 28 September 2023 and the outcome determined using data as reported by Google Finance (Google Finance - Alphabet, Class A shares, Google Finance - Microsoft). The closing values of each stock for 29 September 2023 will be divided by their respective closing values for 9 June 2023 to determine the performance, or percentage change. The difference in percentage points of each calculation will determine the resolution. In the event of an exact tie, the stock with the greater percentage increase at any point between the close on 9 June 2023 to the close on 29 September 2023 would be deemed the outperformer. In the event that a company splits its shares, the price of shares will be adjusted accordingly (Investopedia - Stock Split).

This question is part of the UBS Asset Management Investments Recruitment Challenge. Click here for more details.

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