Microsoft crossed a $3 trillion market capitalization in January 2024, becoming the second company ever to reach that level.
Microsoft passed the threshold during trading on January 24, 2024. Apple had been the first company to reach $3 trillion, so Microsoft’s milestone made it the second member of that exceptionally small group at the time.
Investor enthusiasm centered partly on Microsoft’s cloud-computing business and its expanding partnerships in artificial intelligence. Microsoft owns Azure, one of the world’s largest cloud platforms, and has integrated AI capabilities across several products.
A company can move above or below a market-cap threshold within minutes because the figure depends on its share price. Microsoft’s ranking relative to Apple and Nvidia therefore changed repeatedly as technology stocks experienced large daily moves.