Microsoft became the second publicly traded company to close above a $3 trillion market capitalization in January 2024.
Microsoft finished trading above the $3 trillion threshold on January 24, 2024, following Apple’s earlier closing milestone. The achievement reflected investor enthusiasm for Microsoft’s cloud-computing business, enterprise software, and expanding role in artificial intelligence through its partnership with OpenAI.
Microsoft’s market value is based on the price of its common shares multiplied by the number of shares outstanding. Its major businesses include Azure, Windows, Microsoft 365, LinkedIn, Xbox, and business software sold to organizations worldwide.
Microsoft and Apple have repeatedly exchanged the position of the world’s most valuable publicly traded company. A company’s ranking can change even without a major corporate announcement because market capitalization responds immediately to daily share-price movements.