tech giant Microsoft has crossed $1 trillion in Market capitalization for the first time after beating its quarterly earnings estimates.
Tech giant has crossed $1 trillion in Market Capitalization for the first time after beating its quarterly earnings estimates.
Why Microsoft’s Market Cap Surpassed $ 1 Trillion Milestone?
Microsoft’s stock increased approximately 23% so far this year due to its leading cloud product Azure, rivalling Amazon.
Earlier, Apple and Amazon had crossed the trillion-dollar milestone in market capitalization.
In 2018, Microsoft surpassed Apple as the MOST VALUABLE publicly traded company in the world after being dethroned by the tech giant in 2010 and in April 2019, Microsoft became the third U.S. public company to be valued at over $1 trillion after Apple and Amazon respectively, reached the trillion-dollar market cap in 2018.