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Microsoft Corporation has breached the $2 trillion mark at NYSE

Microsoft Corporation has breached the $2 trillion mark at NYSE
The Siliconreview
23 June, 2021

Popular tech giant Microsoft Corporation has now joined the exclusive $2 trillion club. The company's dominance in the cloud computing segment and enterprise software will continue to expand further even after the end of the Covid pandemic. Microsoft's shares sharply rose by 1.6 percent in NYSE, which propelled the company enough to join Apple Inc. to become the second company in history to have a market value of $2 trillion. Saudi Aramco also managed to breach the $2 trillion mark at the end of December 2019, but now the company is valued at $1.9 trillion.

Since the beginning of the Satya Nadella era at Microsoft, the focus was shifted towards cloud computing solutions. Microsoft is one of the companies which successfully evaded the recent antitrust regulators' wave, giving it the freedom to expand its product portfolio and acquisitions. Microsoft has clearly outperformed Apple and Amazon by gaining 19 percent so far. The immense growth is mainly due to the fact that investors are now rushing towards Microsoft due to long-term growth in investment and revenue. The area of focus also draws investors. Microsoft is engaged in various segments giving it an upper hand, and also, the company is well poised in the tech market.