Today: 31 May 2025
10 February 2024
1 min read

Microsoft becomes most valuable company ever

The company’s market value topped the previous record set by Apple…reports Asian Lite News

Microsoft ended the week with a market capitalisation of $3.125 trillion, the highest for any company ever, Barron’s reported.

The company’s market value topped the previous record set by Apple, which reached $3.09 trillion in July. Apple ended Friday with a market cap of $2.916 trillion. Microsoft is also the first U.S. company to close with a market cap greater than $3.1 trillion, Barron’s reported.

Microsoft stock closed the week at $420.55. Over the past 12 months, its shares have soared 60 per cent, largely thanks to the enthusiasm about its artificial intelligence software.

The company last month reported quarterly revenue and profit ahead of Wall Street’s forecasts, and the management made note of the company’s AI gains.

“We’ve moved from talking about AI to applying AI at scale,” Microsoft CEO Satya Nadella said in a statement at the time.

“By infusing AI across every layer of our tech stack, we’re winning new customers and helping drive new benefits and productivity gains across every sector,” Nadella had said, Barron’s reported.

ALSO READ: India Targets $300B Electronics Production, $100B Exports

Previous Story

Biden Suffers Gaffe Again

Next Story

PM Modi Due in UAE

Latest from -Top News

World needs Dubai’s ambition: Morgan

Piers Morgan has hailed Dubai’s transformation as an example of what visionary leadership can achieve. British broadcaster Piers Morgan has praised the extraordinary ambition and vision of His Highness Sheikh Mohammed bin

Mohammed honours football champions

Ruler of Dubai hails players as role models during palace reception His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai, received the

Abu Dhabi sets 2050 energy vision

Abu Dhabi unveils AED400 billion energy roadmap, inked climate finance pact ahead of 2026 UN Water Conference Abu Dhabi has unveiled a sweeping strategic framework to transform its energy and water sector

Gargash: UAE’s pragmatism sets regional example

Anwar Gargash says the UAE stands as a beacon of what is possible when pragmatism and vision come together. As political instability, economic fragmentation and rapid technological change continue to reshape the

US flag returns to Damascus

Billions in energy deals and lifted sanctions mark Syria’s reintegration, as US reopens embassy and declares the war-torn nation “open for business” under new regional partnerships. The United States has reopened its
Go toTop

Don't Miss

Microsoft bolsters support to Indian SMBs

The initiative aims at bringing together business owners and entrepreneurs

Microsoft testing way to automatically launch Copilot AI

Microsoft has introduced a new Copilot key to the Windows