Microsoft Corp. (MSFT) was headed for a $2 trillion market capitalization Wednesday, which would make it only the second U.S. equity at that level, along with Apple Inc. (AAPL) Microsoft last ended a trading session worth more than $2 trillion on Aug. 25, 2022, according to Dow Jones Market Data, but a rapid downfall for tech stocks in the second half of last year brought it out of that stratosphere. Microsoft has gained in six of the past nine trading sessions to near the mark again, as excitement builds around the company’s use of OpenAI’s technology in its products, especially the Bing search engine, as it could beef up Microsoft’s rival to Alphabet Inc.’s (GOOGL) (GOOG) dominant search engine, Google. Read More...
Microsoft Corp. (MSFT) was headed for a $2 trillion market capitalization Wednesday, which would make it only the second U.S. equity at that level, along with Apple Inc. (AAPL) Microsoft last ended a trading session worth more than $2 trillion on Aug. 25, 2022, according to Dow Jones Market Data, but a rapid downfall for tech stocks in the second half of last year brought it out of that stratosphere. Microsoft has gained in six of the past nine trading sessions to near the mark again, as excitement builds around the company’s use of OpenAI’s technology in its products, especially the Bing search engine, as it could beef up Microsoft’s rival to Alphabet Inc.’s (GOOGL) (GOOG) dominant search engine, Google.
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