Microsoft became the second business ever to close above a $3 trillion market capitalization in January 2024.
Microsoft closed above the $3 trillion level on January 24, 2024, after its share price rose amid enthusiasm for cloud computing and artificial intelligence. Apple had been the first company to reach that valuation, doing so during intraday trading in 2022.
Microsoft’s modern valuation rests on several major businesses: Windows, Office, Azure cloud services, enterprise software, gaming, and professional networking through LinkedIn. Its partnership with OpenAI and integration of generative-AI features strengthened investor expectations for future growth.
A closing market capitalization differs from a temporary intraday valuation. The figure also does not mean Microsoft held $3 trillion in cash. It represents the total market value assigned to all outstanding shares at the closing share price, and it can rise or fall with trading.