Microsoft is now the second company to reach the $3 trillion USD market capitalization mark. Market cap, as it is popularly referred to, is the overall value of a publicly traded company’s authorized shares owned by stockholders. In 2023, Apple became the first company to hit the $3 trillion USD cap.
The report further mentions that Microsoft hit the market cap of $3.004 trillion USD after its shares rose to $404.72 on January 24 2024, the company’s highest price per share. In 2023, Incognito Blog reported that Nvidia hit the $1 trillion USD market cap mark, joining 9 other multinationals in the trillion-dollar league.
