Microsoft became the first company to reach a $3 trillion market capitalization in 2024 after Apple’s earlier record.
Microsoft briefly exceeded $3 trillion in market value on January 24, 2024. Its rise was driven by strong demand for cloud computing, enterprise software, and investor enthusiasm about artificial intelligence integrated into Microsoft products and services.
The company’s major businesses include Azure cloud services, Windows, Microsoft 365, LinkedIn, Xbox, and professional software. Its investment in OpenAI also increased attention on its position in the generative-AI market.
Microsoft and Apple repeatedly exchanged the top position because market capitalization moves with share prices. A brief intraday lead is different from holding the highest value at a day’s close.