Money
Microsoft on Apple’s $US2 trillion doorstep
Microsoft has briefly joined apple on the trading market.
Microsoft shares are up about 0.7 per cent on Tuesday, giving the software giant a market value of about $1.99 trillion USD.
Microsoft shares were up today and the tech company briefly joined Apple in hitting a $2 trillion market cap during intraday trading.
However, the software giant’s stock closed lower, at $265.51, narrowly missing the threshold of $265.55 needed to cement the 2 trillion mark.
Apple Inc. is the only company to close with $2 trillion market cap, a milestone that first happened last August.
According to Dow Jones, The company’s market cap has risen by about $960 billion from a March 2020 low, a figure greater than Facebook’s market value.
As reported by The Wall Street Journal, Microsoft’s peak market cap during the dot com bubble was $614.7 billion on Dec. 27, 1999.
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