Microsoft became the first company to close a stock-market session above $3 trillion in value in January 2024.
Microsoft’s shares closed above the threshold on January 24, 2024, giving the software and cloud-computing company a market capitalization above $3 trillion. Apple had touched that level earlier, but Microsoft achieved the first close above it.
The valuation reflected Microsoft’s broad business portfolio, including Windows, Office, Azure cloud services, Xbox, LinkedIn, and enterprise software. Investor enthusiasm about artificial intelligence also supported the company’s valuation during this period.
A market-cap milestone is different from a company’s revenue, profit, or cash holdings. It represents what public investors collectively valued the company’s outstanding shares at when the market closed.