Microsoft reached a market capitalization of $ 2 trillion on Tuesday after the value of a share in the software company on the New York Stock Exchange rose 1.2 percent to $ 265.51. After Apple, Microsoft is the second US company to break the two trillion dollar barrier.
Apple had already exceeded the value in 2020. Apple is currently worth around $ 2.23 trillion, well ahead of Microsoft. Worldwide only the oil company Saudi Aramco is above the two trillion dollar mark. Saudi Aramco achieved that in 2019. Other US heavyweights such as Amazon, Google parent Alphabet, Facebook, the private equity firm Berkshire Hathaway and Tesla are also on the two-trillion dollar exchange rate, but have not yet broken the mark.
Microsoft’s model of success: the cloud
The Microsoft’s share price has increased by more than 19 percent since the beginning of the year. The company benefits from the fact that business with cloud applications for companies, including office applications, continued to pick up during the Corona crisis. This is also thanks to Microsoft boss Satya Nadella, who has been converting Microsoft into the strongest provider of cloud computing software since 2014. In addition, Microsoft is also well positioned in the areas of automation, analytics, artificial intelligence (AI) and gaming.
Apparently Microsoft also benefits from the Windows 11 event announced for Thursday, at which the company wants to present the “next generation” of its operating system. Microsoft could introduce a subscription license model.
(olb)
