Microsoft's m-cap crosses 3 trillion dollars, company's stock rises due to AI
Microsoft M-Cap: The stock of software company Microsoft is seeing a rise. After this rise, the market capitalization of the company crossed 3 trillion dollars. The company's shares rose 1.3 per cent on Wednesday. Now Microsoft's stock price is $403.95. AI is being considered the reason for the rise in the company's shares.
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There has been a rise in the shares of Microsoft. A few days ago, the company's total assets had become more than that of Apple. Because of this, it became the most valuable company in the world. On Wednesday, the company's shares were trading with gains. After the rise in shares, the m-cap of the company crossed 3 trillion dollars.
The revolution in AI has helped the company's stock gain momentum. The company's shares have increased by 1.3 per cent. Now the price per share (Microsoft share price) is $403.95. As a result, the market capitalization of the company has crossed Rs 3 trillion.
Some time ago the iPhone manufacturer left Apple behind. Last year, Apple was the first company to reach $3 trillion. At the beginning of 2024, the company's shares started trading in decline due to which Microsoft moved ahead.
Investor purchases of AI have increased revenue and earnings for the company. Additionally, it assisted in boosting the business's capacity. Following the company's collaboration with Microsoft, OpenAI Inc. began offering AI services.
In the upcoming fiscal year, Bloomberg Intelligence projects a 15% increase in the company's revenue. Under such circumstances, the company will advance quickly in the technology industry.
Following its share price increase, Microsoft emerged as one of Wall Street's most well-liked stocks. Several professionals are encouraging investors to purchase company stock. It is anticipated that B Company's stock will increase during the upcoming trading session.
