Microsoft returned to being a company with a market value of $3 trillion this morning after its shares were hit by the uncertainty of tariffs introduced by the United States. Only Apple and Microsoft currently have this market value with Apple still at the top with a value of $3.2 trillion.
The first time Microsoft reached this value was in January 2024 and it has since risen and fallen like the chests of investors shocked by President Trump's economic policies. NVIDIA, which previously joined the $3 trillion club, is still in third place with a value of "only" $2.7 trillion.
The value of Microsoft and Apple's shares showed a positive trend this week. Despite having to bear a $900 million increase in costs due to tariffs starting this quarter, their shares rose 0.34%. Microsoft's share price rose almost 8%. This positive trend may be due to the announcement of price increases for Xbox consoles, accessories and games announced yesterday due to tariffs.