Microsoft market value crosses $1 trillion
June 9, 2019 | Investopaper
Microsoft Corporation market capitalization (market value) crossed a trillion mark this Friday after the share price rose by 2.80 percent as Dow Jones also increased by 1.02 percent. Previously, the company has only achieved the trillion mark valuation on April 30.
The company has 7.66 billion shares outstanding so in order to stay in a trillion dollar zone, the share price must stay above $130.50 which closed on $131.40 this Friday.
Similarly, the market cap of Amazon and Apple climbed to $881.2 billion and $874.9 billion after they also gained 2.8 percent and 2.7 percent respectively. This shows that Microsoft has a clear lead over its competitors in the market valuation after both companies have lost double digits compared to their record-high valuation.
Microsoft shares have increased by 29.4% year to date, while Amazon’s stock has gained 20.1%. Similarly, Apple shares have grown by 20.6%.
Earlier this week, it was reported that the federal and state regulators were preparing antitrust investigations against Amazon and Apple, Facebook and Google. However, Microsoft could spare this check since it has already been investigated by the Department of Justice in the early 2000s. So, this is also one of the reasons why Microsoft has built a clear lead against its tech peers.
