Microsoft reported better-than-expected quarterly revenue and earnings on Wednesday night, taking the company above the $1 trillion market cap.
According to CNBC, the software marker’s shares jumped as high as $131.37 on Thursday morning, above the needed $130.51 to give make it a $1 trillion company.
It later closed at $129.15 for a market cap of about $990 billion.
The company’s stocks pushed up thanks to its cloud growth. It has been pushing its cloud products in recent years.
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Microsoft Reaches $1 Trillion Market Value for the First Time
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