Microsoft’s
current market capitalization is $3.12 trillion, the highest for any company ever.
Microsoft’s
market cap currently is higher than
Apple’s
all-time market cap high of $3.090 trillion, notched on July 31, 2023, according to Dow Jones Market Data.
Microsoft stock was up 1.4% to $419.69 on Friday. Over the last 12 months, shares have soared 60%, largely thanks to strides in artificial intelligence software.
The company last month reported quarterly revenue and profit ahead of Wall Street’s forecasts, and management made note of the company’s AI gains.
“We’ve moved from talking about AI to applying AI at scale,” CEO Satya Nadella said in a statement at the time. “By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector.”
The company officially will surpass
Apple’s
all-time market cap high if the stock closes at any price above $415.84. And if the gains hold, Microsoft will be the first U.S. company to close with a market cap greater than $3.1 trillion.
Write to Emily Dattilo at emily.dattilo@dowjones.com
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