Microsoft's market value crossed the $2 trillion threshold for the first time

Bloomberg announced that the shares rose to $265.8 per share at the auction on June 22, this allowed the company for several hours to become one of the two companies in the world with a capitalization above $2 trillion. By the close of trading, the share price fell by a fraction of a percent and, as of June 23, Microsoft's capitalization is $1.99 trillion. The only company in the world with a capitalization above $2 trillion was Apple in August 2020. As of June 23, its capitalization is $2.3 trillion. In December 2019, Saudi Aramco, an oil company from Saudi Arabia, briefly crossed the threshold, but was unable to fix its positions.

Since the beginning of the year, Microsoft shares have risen in price by 19%, traders expect continued income growth amid advances in automotive learning and cloud computing technologies, Bloomberg said. On June 24, Microsoft will unveil a new version of Windows. The day before, screenshots and a preliminary assembly of the new version of the operating system were published on social networks.

Source: Bloomberg, Inventure

Farid Akbarov