Microsoft's market capitalization surpassed $3 trillion for the first time, retaining its position as the world's second-largest company by value, behind iPhone maker Apple, the latest example of how optimism about artificial intelligence has led to seemingly unstoppable progress in the software giant.
The stock rose as much as 1.3 percent to $403.95, resulting in a $3 trillion market capitalization, a threshold that strengthens Microsoft's position as one of the largest public stocks, briefly surpassing Apple in value — which last year became the first company to reach $3 trillion — but later fell below the iPhone maker."
Source (Al-Sharq Al-Awsat Newspaper, Edited)
