Microsoft reaches a $2 trillion market cap
June 22, 2021. Summarized by summa-bot.
Compression ratio: 38.3%. 1 min read.
NEW YORK, NEW YORK - MARCH 10: A woman walks in front a Microsoft store on March 10, 2021, in New York. The Nasdaq Composite continued falling more than half a percent during the day. Also, the move away from Apple Inc, Amazon.com Inc , Facebook Inc, Tesla Inc and Microsoft Corp, falling during the day, helped small-cap stocks rise more than double the gains of the S&P 500. (Photo by John Smith/VIEWpress)
Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.
New York (CNN Business)Microsoft has officially entered the most elite of clubs: corporations with a market value exceeding $2 trillion.
Oil company Saudi Aramco, which went public in 2019, has also previously passed that mark, though its market cap on Tuesday was $1. 88 trillion.
Microsoft's (MSFT) market capitalization topped $2 trillion during trading on Tuesday, and closed just $300 million shy of that mark.
The company reached the $2 trillion milestone just over two years after it first passed the $1 trillion market cap mark.
Apple's market value passed $2 trillion last August, and it currently stands at $2. 24 trillion.
Amazon's market cap hit $1. 77 trillion on Tuesday, and Google parent Alphabet's reached $1. 67 trillion.