Microsoft Reaches a $3 Trillion Market Cap, Trailing Behind Apple
Jan 25, 2024 - 80.lv
On January 24, Microsoft's stock market value exceeded $3 trillion, marking an all-time high and solidifying its position as the world's second most valuable company, behind Apple. Throughout the past year, Microsoft and Apple have been vying for the top spot as the most capitalized stock on Wall Street, with Microsoft briefly surpassing Apple earlier in January. The recent surge in Microsoft's stock is attributed to growing interest in its AI initiatives, particularly after the announcement of the pricing for its Copilot for Microsoft 365 service last year.
Currently, the list of the world's top five most valuable companies comprises four IT giants, including Microsoft and Apple, and Saudi Aramco, Saudi Arabia's national oil company. Microsoft continues to maintain a steady stream of AI-related announcements, introducing new features and products almost weekly, contributing to its stock market success.
Key takeaways:
On January 24, Microsoft reached a stock market value exceeding $3 trillion, becoming the world's second most valuable company after Apple.
Microsoft and Apple have been competing for the top spot as the most capitalized stock on Wall Street throughout the year.
Microsoft's stock has been rising due to growing interest in its AI initiatives and the announcement of the pricing for its Copilot for Microsoft 365 service.
The list of the world's top 5 most valuable companies includes four IT giants and Saudi Aramco, the national oil company of Saudi Arabia.
