For the first time in its 48 years of existence, Microsoft has reached a capitalization of $3 trillion. It is the second company after Apple to reach this mark, The Verge informed.
The company’s shares rose by 1.5 percent during trading on NASDAQ on Wednesday, pushing it past the $3 trillion mark. However, today the company’s capitalization has dropped to $2.99 trillion.
The company’s shares began to grow rapidly in 2019. Over the past 5 years, the share price has risen from $107 to a record high of $405.
Microsoft and Apple have been in a race for total capitalization for the past few months. It is also worth noting that Apple reached $3 trillion in 2022 and became the first company to reach this mark.
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