Microsoft became the first company other than Apple to reach a $3 trillion market capitalization in January 2024.
Microsoft crossed the level during trading on January 24, 2024. Its valuation was powered by demand for cloud computing through Azure and investor enthusiasm about artificial-intelligence products developed with partners including OpenAI.
The milestone followed Microsoft’s long competition with Apple for the position of the world’s most valuable public company. Market-cap leadership can change quickly because it depends on share prices, which respond to earnings, forecasts, interest rates, and broader market sentiment.
Microsoft’s business is broader than its Windows operating system. It also owns Azure, Microsoft 365, LinkedIn, GitHub, Xbox, and the professional-networking platform’s advertising and subscription operations.