CNN: Microsoft is worth more than $3 trillion. It’s the second company to ever break that threshold Nicole Goodkind By Nicole Goodkind and Elisabeth Buchwald, CNN Published 1:02 PM EST, Wed January 24, 2024. https://www.cnn.com/2024/01/24/investing/microsoft-three-trillion-market-value/index.html

 

Markets

Tech

Media

Calculators

Videos

Audio

Live TV

Log In

Markets 

DOW 38,057.44 0.02%

S&P 500 4,885.71 0.17%

NASDAQ 15,446.46 0.41%

Fear & Greed Index 

76

Extreme Greed

is driving the US market

Latest Market News 

This latest measure of inflation shows progress toward the Fed’s goal, in a positive sign for consumers

The NSA buys Americans’ internet data, newly released documents show

UK pulls out of post-Brexit trade talks with Canada

Business / Investing

Microsoft is worth more than $3 trillion. It’s the second company to ever break that threshold

Nicole Goodkind

By Nicole Goodkind and Elisabeth Buchwald, CNN

 2 minute read 

Published 1:02 PM EST, Wed January 24, 2024

Shares of Microsoft are up more than 7% this year after jumping about 40% last year, largely due to investor enthusiasm in AI.

Shares of Microsoft are up more than 7% this year after jumping about 40% last year, largely due to investor enthusiasm in AI.

Victor J. Blue/Bloomberg/Getty Images

New York

CNN

 — 

Microsoft became the second-ever company worth $3 trillion on Wednesday as the artificial intelligence boom sent shares of the company’s stock soaring higher.

For comparison, Microsoft’s market value is now larger than the entire GDP of France and just behind that of the United Kingdom.

The stock rose by nearly 1.5% to about $405 per share on Wednesday afternoon, exceeding a $3 trillion market capitalization and joining Apple as the only other company to have reached the historic milestone.

Shares of Microsoft are up more than 7% year to date after jumping about 40% last year, largely due to investor enthusiasm in AI and its potential to create growth for the company.

In 2023, the company’s CEO, Satya Nadella, made a multibillion-dollar investment in AI, including commercializing and adding AI tools like ChatGPT into its suite of products before rivals.

Samuel Altman, CEO of OpenAI, appears for testimony before the Senate Judiciary Subcommittee on Privacy, Technology, and the Law May 16, 2023 in Washington, DC. The committee held an oversight hearing to examine A.I., focusing on rules for artificial intelligence.

RELATED ARTICLE

OpenAI officially announces Sam Altman has returned as CEO and Microsoft gains a non-voting board seat

He even strengthened Microsoft’s ties to ChatGPT maker OpenAI, a major pioneer in the field of artificial intelligence, during a board and leadership upheaval at the smaller company late last year.

After trailing behind Apple for the majority of the past decade, Microsoft surpassed the company to briefly become the world’s most valuable publicly traded company earlier in January.

Microsoft is part of the so-called “Magnificent 7,” a group of stocks including Apple, Nvidia, Amazon, Alphabet, Meta and Tesla that have almost single-handedly boosted markets to new highs in recent weeks.

Microsoft alone makes up 7.3% of the S&P 500. Together, these seven stocks have a market cap larger than any country’s entire stock market except for the United States.

As of last week, Nvidia and Microsoft alone accounted for about 75% of the S&P 500’s gain this year, according to analysts at Bespoke Investment Group.

In a note on Tuesday, Morgan Stanley analysts said they see Microsoft’s play for AI “getting even stronger,” and moved their price target for the stock to $450 from $415. Bank of America analysts also moved their target to $450 per share, predicting more growth for the Washington-based company this quarter.

Microsoft reports its fourth-quarter earnings on January 30.

RELATED

MORE FROM CNN BUSINESS

The New York Stock Exchange is seen in New York, Wednesday, Jan. 24, 2024.

Regional bank stocks could be on the rocks again

Donald Trump and George Conway

The Never Trump movement might be in its last throes, but a news publication it birthed is booming

CNN BUSINESS VIDEOS

FST inside africa

The luxury train to nowhere

FST african playmakers

The man leading Morocco’s football evolution

exp Percival Menswear Gove intv 012503PSEG1 cnni business_00000110.png

Percival Menswear founder talks growth, celebrity endorsements

National Transportation Safety Board (NTSB) Investigator-in-Charge John Lovell examines the fuselage plug area of Alaska Airlines Flight 1282 Boeing 737-9 MAX, which was forced to make an emergency landing with a gap in the fuselage, in Portland, Oregon, U.S. January 7, 2024.  NTSB/Handout via REUTERS.  

THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY

U.S. officials move to allow Boeing’s 737 Max 9 jets to return to the skies

CONTENT BY WISERADVISOR

Average Retirement Savings by Age

Find Top Financial Advisors Near You

Will You Be Ready For Retirement?

Are You Ready To Retire?

Top Investment Advisors 2024

Search CNN...

Search

US

Crime + Justice

Energy + Environment

Extreme Weather

Space + Science

World

Africa

Americas

Asia

Australia

China

Europe

India

Middle East

United Kingdom

Politics

SCOTUS

Congress

Facts First

2024 Elections

Business

Tech

Media

Calculators

Videos

Markets

Pre-markets

After-Hours

Market Movers

Fear & Greed

World Markets

Investing

Markets Now

Before the Bell

Nightcap

Opinion

Political Op-Eds

Social Commentary

Health

Life, But Better

Fitness

Food

Sleep

Mindfulness

Relationships

Entertainment

Movies

Television

Celebrity

Tech

Innovate

Gadget

Foreseeable Future

Mission: Ahead

Upstarts

Work Transformed

Innovative Cities

Style

Arts

Design

Fashion

Architecture

Luxury

Beauty

Video

Travel

Destinations

Food & Drink

Stay

News

Videos

Sports

Pro Football

College Football

Basketball

Baseball

Soccer

Olympics

Hockey

Watch

Live TV

CNN Headlines

CNN Max

Digital Studios

CNN Films

HLN

TV Schedule

TV Shows A-Z

CNNVR

Listen

CNN Underscored

Electronics

Fashion

Beauty

Health & Fitness

Home

Reviews

Deals

Money

Gifts

Travel

Outdoors

Pets

CNN Store

Coupons

Weather

Climate

Storm Tracker

Wildfire Tracker

Video

About CNN

Photos

Investigations

CNN Profiles

CNN Leadership

CNN Newsletters

Work for CNN

Watch

Listen

Live TV

FOLLOW CNN BUSINESS

Log In

Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

Terms of Use

Privacy Policy

Cookie Settings

Ad Choices

Accessibility & CC

About

Newsletters

Transcripts

© 2024 Cable News Network. A Warner Bros. Discovery Company. All Rights Reserved.

CNN Sans ™ & © 2016 Cable News Network.