Shares of Microsoft Corp. surged into record territory Friday, enough to push the software giant’s market capitalization above the $1 trillion mark.
The rally stretched Microsoft’s lead as the most valuable U.S. company to well more than $100 billion, as the stocks of second-place Amazon.com Inc. and Apple Inc. languished well below their record closes.
They have rallied 9.7% over the past four sessions, which would be the best four-day performance in nearly four years, when it shot up 12.4% in the four days ending Oct. 28, 2015. Microsoft reached a $1 trillion valuation on a closing basis just once before, on April 30, at $1.001 trillion, about a week after the company reported better-than-expected quarterly results. With 7.66 billion shares outstanding as of April 18, according to the latest quarterly filing, Microsoft would be in trillion-dollar company as long as the stock closes above $130.50.
When Alysa Taylor, Microsoft’s vice president of business applications and global industry, was asked earlier this week at the Bank of America Merrill Lynch Global Technology Conference about Microsoft’s perspective on the U.S.-China trade war and regulatory concerns surrounding big tech, Taylor said China is “a small part of our business” and one of the company’s core pillars is trust and data privacy.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Microsoft's stock surge lifts market cap above $1 trillion, more than $100 billion above Amazon and AppleShares of Microsoft Corp. surged 2.8% toward a record high, enough to pace the Dow Jones Industrial Average's gainers and to push the software giant's market...
Read more »
Make your kid rich for $1 a dayThis extremely modest investment can yield $4 million when your child reaches age 65, says Paul Merriman.
Read more »
Artist, Icon, Billionaire: How Jay-Z Created His $1 Billion FortuneNew billionaire Jay-Z has accumulated a varied fortune stretching from champagne and cognac to tech startups and real estate.
Read more »
If you invested $1,000 in Salesforce 10 years ago, here's how much you'd have nowThe shares are up 3.3% and the company's trademark Service Cloud product generated $1.02 billion in revenue, crossing the $1 billion mark for the first time.
Read more »
These early retirees bought their ‘disgusting’ house in Montana with cash and budget less than $1 a pound for foodThese early retirees bought a ‘disgusting’ house with cash and pay less than $1 a pound for food
Read more »