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Microsoft 2nd US firm to pass $2 trillion market cap

Microsoft 2nd US firm

Microsoft 2nd US firm to pass $2 trillion market cap. Microsoft’s market capitalization surpassed $2 trillion in trade, joining a select club of global businesses that have done so, including Apple.

Apple passed the $2 trillion milestones in August 2020.

Despite reaching $2 trillion in intraday trading on Tuesday, AppleInsider claimed that Microsoft’s value was around $300 million short of the all-time record by the time markets closed.

Microsoft, like Apple, has benefited from the surge in work-from-home and virtual education that resulted from the Covid-19 epidemic. Microsoft’s stock has increased 64 percent since March 2020, when lockdowns started.

In April, the firm announced that its first-quarter 2020 revenue increased 19% year over year to $41.7 billion.

Also Read: Apple is the subject of an antitrust investigation launched by a German agency.

As of this writing, Apple’s market value was estimated to be $2.24 trillion, according to the study.

According to some experts, the Cupertino technology behemoth may become the first company to reach a $3 trillion market value within a few years.

Along with the technological titans, Saudi Aramco, the oil firm, once exceeded the $2 trillion mark. Its market capitalization was $1.88 trillion on Tuesday.

Microsoft 2nd US firm to pass $2 trillion market cap

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Written by Ankur J Kakoti

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