Microsoft Closes at Record, Ends Just Shy of $3 Trillion Value
- Software giant is second company to hit level, following Apple
- AI services are seen as a long-term revenue growth tailwind
A Microsoft store in New York.
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
Microsoft Corp. briefly achieved a historic $3 trillion market valuation on Wednesday, in the latest example of how optimism over artificial intelligence has fueled a seemingly unstoppable advance in the software giant.
The stock rose as much as 1.7% to $405.63, taking its market capitalization just over $3 trillion during market hours. However, it closed up just 0.9%, ending at a record but with a valuation of $2.99 trillion.