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The stock rose as much as 1.3% to $403.95, resulting in a market capitalization of $3 trillion. The threshold cements Microsofts status as one of the largest public stocks. It briefly surpassed Apple Inc. in value — which last year became the first company to hit $3 trillion — but subsequently dropped back below the iPhone maker, with the two trading places ever since. ....
Microsoft Share Price: The stock rose as much as 1.3% to $403.95, resulting in a market capitalization of $3 trillion. The threshold cements Microsoft’s status as one of the largest public stocks. It briefly surpassed Apple Inc. in value — which last year became the first company to hit $3 trillion — but subsequently dropped back below the iPhone maker, with the two trading places ever since. ....
Apple's shares have experienced a 4 per cent decrease in 2024, following a 48 per cent surge the previous year. In contrast, Microsoft has seen a 2 per cent increase this year, building on a substantial 57 per cent surge in 2023. ....
The unexpected ouster on Friday of Sam Altman, OpenAIs co-founder and CEO, set off a chain of events that erased tens of billions from Microsofts market value, a sign of how important OpenAI is to the tech behemoth. Microsoft has invested more than $13 billion in OpenAI, and Apple, Google and Meta have rushed to catch up with their own AI offerings. ....