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Microsoft Rises to Join Apple in Exclusive $2 Trillion Club

  • Shares of the software giant have gained 19% so far this year
  • Only Apple and Saudi Aramco had hit $2 trillion in value
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WATCH: Microsoft Corp. have rising 19% this year, with the software giant's market value reaching $2 trillion. Su Keenan reports.(Source: Bloomberg)
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Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.

Its shares rose as much as 1.2% in New York on Tuesday, enough for the software company to briefly join Apple Inc. as one of only two companies trading at such a lofty value before closing pennies short of the mark at $265.51. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion.