Microsoft is now worth over $1 trillion, a stunning run since Satya Nadella’s ascent
Source:- qz.com
Microsoft is America’s most valuable company—and it isn’t even close. After shares surged Friday (June 7), the software company’s market capitalization is now well above $1 trillion. For now, second- and third-place Amazon and Apple both remain around the $880 billion mark. A Microsoft rally led its share price to rocket nearly 10% in the past four days to a record level.
Investor optimism about Microsoft’s cloud services business is among the factors behind its shares’ rise, as CEO Satya Nadella is creditedwith a renaissance at the company. (Nadella, for his part, won’t be celebrating the trillion-dollar milestone: in an earlier interview with Bloomberg, he dismissed the valuation as “not meaningful” and claimed he would be “disgusted if somebody ever celebrated our market cap.”)