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Microsoft's Market Value Tops $500 Billion Again After 17 Years
Jan. 27, 2017 08:58AM PST
Cloud InvestingMicrosoft’s (NASDAQ:MSFT) market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations. Shares of the world’s biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at …
Microsoft’s (NASDAQ:MSFT) market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations. Shares of the world’s biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion.
As quoted in the press release:
The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a market value of a little above $550 billion, according to Thomson Reuters data.
Despite the gains, Microsoft still lags Apple Inc’s (AAPL.O) market capitalization of about $642 billion and Google-parent Alphabet Inc’s (GOOGL.O) market value of a little more than $570 billion.