Microsoft Achieved historic milestone of 3 trillion dollars market assessment On Wednesday, in the latest example of how optimism over artificial intelligence has fueled an unstoppable advance software giant,
store rose 1.3% to $404, resulting in a market capitalization of $3 trillion. This range solidifies Microsoft’s position as one of the largest public stocks. It briefly overtook Apple in value – which last year became the first company to reach $3 trillion – but has since fallen below the iPhone maker, two trading places behind.
store rose 1.3% to $404, resulting in a market capitalization of $3 trillion. This range solidifies Microsoft’s position as one of the largest public stocks. It briefly overtook Apple in value – which last year became the first company to reach $3 trillion – but has since fallen below the iPhone maker, two trading places behind.
The Redmond, Washington-based company is one of the so-called Magnificent 7 that have fueled market growth in 2023 with gains of about 57%. The progress continued this year, with a 7.4% gain that outpaced the Nasdaq 100 index’s 4.6% gain. Microsoft’s share in the S&P 500 index is 7.3%.
Most of the gains reflect investor enthusiasm Aye And it has the potential to accelerate both earnings and revenue growth. Microsoft, through its partnership with OpenAI, is seen as one of the biggest beneficiaries of AI. It has released AI-supported services for customers.
