Microsoft became the second company ever to reach a $3 trillion market capitalization.
Microsoft crossed the $3 trillion threshold during intraday trading on January 24, 2024, after its shares rose to a record level. Apple had been the first company to reach that valuation. Microsoft briefly became the world’s most valuable company by market capitalization later in January 2024, depending on the day’s share-price movements.
The company’s valuation was supported by enterprise software, Azure cloud computing, subscriptions such as Microsoft 365, and investor enthusiasm about artificial intelligence. Microsoft’s market cap is calculated from its publicly traded shares, so the figure is not the same as revenue, profit, or total corporate assets. Rankings can change whenever either company’s share price moves.