Wednesday, February 21, 2024

Market value of Microsoft reached 3 trillion dollars

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Microsoft reached a market capitalization of $3 trillion for the first time in its 48-year history. This happened after today, in the middle, Microsoft shares rose by 1,5% on the trading exchange NASDAQ. Thus, Microsoft became the second company after Apple to cross the $3 trillion market value mark.

In recent months, Microsoft shares have actively grown: the company took advantage of investors’ excitement around artificial intelligence. So, last year Microsoft announced the price of its service Copilot for Microsoft 365, to which investors reacted with a noticeable jump in the stock price. And in recent months the company has announced new features and products, one way or another related to AI, almost every week.

Over the last five years, the price of Microsoft shares increased from 107 to 404 dollars. In recent years, Microsoft under the leadership of Satya Nadella acquired several companies dealing with artificial intelligence, and invested more than 10 billion dollars in OpenAI — creator ChatGPT.

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