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6/22, 10:12 PM (Source: TeleTrader)
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Microsoft reaches $2T market value, second in US

Microsoft reached $2 trillion in market value on Tuesday becoming the second public company in American business history to pass the benchmark, following its stock prices growing 1.1% and peaking at $265.8 per share.

Among other members of the $2 trillion market capitalization club is Apple that was first to break the record in the United States in August 2020. In December 2019 Aramco briefly passed the threshold but wasn't able to sustain the lofty value.

The news comes shortly before the company's big live event on June 24 revealing its upcoming update to its flagship Windows operating system, said to be the most significant update in the past decade. In its last financial results report from the fiscal third quarter, Microsoft marked revenue growth of 19% to reach $41.7 billion.

Breaking the News / LH