Monday, February 26, 2024

Microsoft created history riding on the chariot of AI, touched the market cap level of $3.125 trillion

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New Delhi. The world’s leading tech company Microsoft has created history. In fact, with the help of Artificial Intelligence (AI), Microsoft ended the week with a market cap of $ 3.125 trillion, which is the highest for any company so far. The company’s market value tops the previous record set by Apple, which reached $3.09 trillion in July. Apple ended Friday with a market cap of $2.916 trillion.

According to Barron’s report, Microsoft is also the first American company to close with a market cap of more than $3.1 trillion. Microsoft’s stock closed the week at $420.55.

Microsoft has risen 60 percent in a year
According to news agency IANS, the company’s shares have increased by 60 percent in the last 12 months, the main reason for which is the enthusiasm about its Artificial Intelligence software.

The company has moved towards implementing AI on a large scale
The company last month reported quarterly revenue and profit ahead of Wall Street forecasts, and management focused on the company’s AI gains. Microsoft CEO Satya Nadella said in a statement at the time, “We have moved from talking about AI to implementing AI at scale.”

Indian-origin Satya Nadella completes 10 years as CEO of Microsoft
Let us tell you that Satya Nadella of Indian origin has recently completed his tenth year as the CEO of Microsoft. During this time, by focusing on cloud computing and artificial intelligence, he made the slow running software company a center of attraction for everyone. Nadella took command of the company in 2014.

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