Microsoft Corp Hit The $2 Trillion Mark on Tuesday Joining The Same League as Apple Inc

Microsoft Corp. has made history by reaching $2 trillion market value on Tuesday. It is the second company to do so after Apple Inc. With its control over enterprise software and cloud computing, the company has become quite powerful in the current situation.

On Tuesday the shares of Microsoft increased nearly 1.1% in New York and it joined the same league as Apple Inc. they are the only two companies that have reached such height. Another company Saudi Aramco came very close to reach the value in December of 2019. And now the firm has a market value of $1.9 trillion. The current CEO of Microsoft, Satya Nadella has taken a lot of steps to bring improvement in the company since 2014. Under his
reign, the company has gradually become the biggest producer of cloud-computing software. The company has made a lot of upgrading in the Office application cloud units and infrastructures. Microsoft has also successfully avoided the recent inquiry of the active American antitrust regulators. Thus it had become quite limitless in product expansion and acquisitions.

Microsoft has been more successful this year, leaving Apple and Amazon behind. The organization has experienced a rise of nearly 19% which is a lot more than its contemporaries. This happened as the shareholders gathered a lot of stocks expecting earnings and revenue to grow on a long-term basis and growth in cloud computing and
machine learning. The company did extremely well beyond everyone’s expectations in its third-quarter results in April.

The S&P 500 Index was oppressed by the Nasdaq 100 Index on Tuesday as a result of Federal Reserve Chair Jerome Powell again assured that inflation will not remain much longer. While Nasdaq 100 rose up 1.1%, S&P 500 rose up 0.7% on Tuesday.