Microsoft flirts with $2 trillion valuation, but falls just short at close

Microsoft reached a $2 trillion evaluation briefly yesterday, June 22, 2022. The visitor's stock price traded at $265.79 for a brusque period on the twenty-four hour period. Microsoft is just the second U.Southward. company to reach the $2 1000000 mark, with the first being Apple, which is at present valued at around $2.2 trillion.

Microsoft didn't quite close the 24-hour interval at the $2 trillion mark. The company finished the twenty-four hours with a stock price of $265.51 for a valuation of $1.9997 trillion. To accomplish $ii trillion, Microsoft'southward stock toll needs to finish a mean solar day at $265.55, which is just four cents above its endmost toll from last night.

Microsoft Stock Bing Source: Bing

It seems likely that Microsoft will striking that marker in the near futurity. The company'due south stocks have gone upwardly 64% since March 2022, which is when many lockdowns related to the global pandemic started. Dorsum in April 2022, Microsoft CEO Satya Nadella discussed the company's growth during the pandemic (via CNN):

"Over a yr into the pandemic, digital adoption curves aren't slowing downwardly," said Nadella. "We are building the cloud for the side by side decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform."

Microsoft but hit the $1 trillion mark in April 2022 (via The Verge), and then it's condom to say that the Redmond-based behemothic is chop-chop trending up.

Tech giants Amazon ($1.77 trillion) and Google'south parent company Alphabet ($ane.67 trillion) could be the next companies to reach the milestone.

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