Technology
Microsoft overtakes Apple, hits $1 trillion market cap
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From The Verge: “Microsoft is now a $1 trillion company”
Microsoft has become the third US company to pass a market cap of $1 trillion. The software giant passed the milestone briefly today after a jump in stock price today following strong fiscal Q3 earnings. Microsoft joins Apple and Amazon in hitting the $1 trillion valuation ahead of rival Google.
Microsoft’s stock price opened at $130 per share today, up around four percent from the $125 closing price yesterday. While the stock price will likely fluctuate a lot today, the company has hit the $1 trillion market during NASDAQ day trading hours this morning. Microsoft’s current valuation also means that has again taken over Apple as the world’s most valuable company, after briefly passing Apple back in November.
My take: These market values make me nervous.
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