Wow, Microsoft Follows Apple to Become a USD 2 Trillion Company

 


Microsoft has just entered the world's most elite club, having become the second US company to reach a USD 2 trillion valuation
The company created by Bill Gates follows Apple, which has already reached that number. The Saudi Arabian oil company, Saudi Aramco, which went public in 2019 has also passed this figure, but its current valuation is USD 1.88 trillion.



Microsoft breached its $2 trillion valuation in trading Tuesday as its stock rose 1.2% before finally falling as the market closed. After the close, Microsoft shares rose 1.1% to USD 256.51 and its valuation reached USD 1.99 trillion.





This achievement was achieved by Microsoft two years after they passed the USD 1 trillion valuation figure, as quoted from CNN, Wednesday (6/23/2021).



Microsoft managed to become the second company to reach a value of USD 2 trillion just 10 months after Apple achieved the same milestone in August 2020. Apple is now valued at USD 2.24 trillion.



Microsoft's success was fueled by the COVID-19 pandemic. As many people have to study and work from home, the demand for Microsoft computers, game consoles, and cloud computing platforms continues to increase.



Microsoft's share value has risen 64% since March 2020, when the outbreak forced the US into lockdown. In April 2021, Microsoft reported a profit of USD 14.8 billion, up 38% from the same period the previous year.



"More than a year after the outbreak, the digital adoption curve has not slowed," Microsoft CEO Satya Nadella said at the time.



"We're building the cloud for the next decade, expanding our markets and innovating at every layer of technology to help our users be resilient and transform."



Although Microsoft and Apple are now only US$2 trillion US companies, they will soon be dominated by other tech giants.



Amazon and Google are now catching up with their compatriots. After Tuesday's close, Amazon's valuation stood at $1.77 trillion, while Google's parent company Alphabet stood at $1.67 trillion.
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