⚡ Get All Content for 20% Off ⚡

Microsoft's Market Cap Tops $2 Trillion MSFT shares are up 19% so far this year.

By Euni Han

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

SOPA Images | Getty Images

Tech giant Microsoft joined the likes of Apple and oil company Saudi Aramco in reaching the $2 trillion marker on Tuesday, CNN reports.

The company's market capitlization closed just $300 million below the $2 trillion mark with its stock reaching $265.51 per share during the session, still gaining around 1.1%.

The company finally reached the $2 trillion market cap level just two years after hitting the $1 trillion marker -- and the COVID-19 pandemic helped.

As more people spent time online amid quarantine, demand surged for gaming systems, PCs and cloud computing platforms.

In April, Microsoft reported sales soared 19% year-over-year to $41.7 billion in revenue for the three months ending March 31st. The company's shares have risen 64% since March 2020, also partly buoyed by a tech stock rally.

CEO Satya Nadella, in a statement, said Microsoft is building on the momentum:

"Over a year into the pandemic, digital adoption curves aren't slowing down. We are building the cloud for the next decade, expanding our addressable market and innovating across every layer of the tech stack to help our customers be resilient and transform."

Microsoft is only the second public U.S. company to surpass the $2 trillion valuation, after Apple.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

The Remote Side Hustle a 43-Year-Old Musician Works on for 1 Hour a Day Earns Nearly $3,000 a Month: 'All From the Comfort of Home'

Sam Ziegler wanted to supplement his income as a professional drummer — then his tech skills and desire to help people came together.

Leadership

Former Interrogator Shares 5 Behaviors Liars Exhibit and How to Handle Them

Five deceptive behaviors to look for and how to respond to those behaviors when you encounter them.

Marketing

Ever Wonder Why Certain Websites Rank Higher Than Yours? This SEO Expert Reveals The Secret to Dominating Search Results

It's often the smart use of SEO, now supercharged with AI, particularly in keyword optimization.

Business News

AI Is Impacting Jobs. Here Are the Gigs Affected the Most, According to an Analysis of 5 Million Upwork Postings

The researcher said in the report that freelance jobs were analyzed first because that market will likely see AI's immediate impact.

Business Ideas

55 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.