Microsoft’s market cap reaches $2T

Microsoft’s capitalisation has reached $2 trillion, now the company is back in second place on the list of the world’s largest companies by capitalisation, ahead of Saudi Aramco, according to stock exchange data.

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Microsoft’s market cap reaches $2T © The Strategist

In the middle of the trading, Microsoft shares were up 1.1% to $265.52 a share. Earlier in trading, the share price reached $265.79 per security, a record high. Microsoft’s capitalisation has thus surpassed $2 trillion.

Shares of technology companies are rising on Tuesday. Thus, Facebook shares rose 2.15%, Twitter gained 3.05% and Apple gained 1.07%. Against this backdrop, the NASDAQ high-tech index broke a historical record by reaching 14269.77 points.

The largest company in the world in terms of capitalisation is still the US corporation Apple, whose value exceeds $2.2 trillion. In September 2020, Apple lost first place to Saudi Aramco, but has since retaken the lead.

In February 2021, Microsoft became the world’s second-largest market capitalisation, overtaking Saudi Aramco, but in just one week Aramco was able to return to second place. Saudi Aramco had a market capitalisation of $1.881 trillion at the close of trading on Tuesday.

source: bloomberg.com

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