After Apple, Microsoft crosses the tremendous figure of 3 trillion dollars – Dainik Savera Times
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The Satya Nadella-run company reached a stellar valuation after its shares rose 1.5 percent in trading on Nasdaq late Wednesday. Tim Cook-led Apple achieved a market cap of $3 trillion about two years ago.
Microsoft’s stock has been on a rise in recent months amid its push to advance artificial intelligence (AI) along with OpenAI. Over the past five years, Microsoft’s share price has increased from $107 to its current price of approximately $404.
According to the report, Microsoft under Nadella has also acquired several AI companies and invested more than $10 billion in OpenAI. Nadella took charge of the company about 10 years ago and acquired Microsoft developers Mojang, LinkedIn, GitHub and Xamarin.
Earlier this month, Microsoft briefly overtook Apple’s market cap to become the world’s most valuable public company. Now, it has finally crossed the $3 trillion mark and is staying there.
The company’s stock saw a big jump after the company announced a huge price increase on Copilot, its AI-powered office documents for Microsoft 365.
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