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Microsoft hits a $2 trillion market valuation for the first time, second only to Apple
June 25, 2021

Microsoft crossed the $2 trillion market-valuation threshold on Tuesday, second only to fellow tech giant  Apple in hitting that milestone.

The software maker's shares gained 1.2% on New York's Nasdaq on Tuesday, briefly reaching the multitrillion-dollar valuation. The stock closed slightly shy of that level at $265.51 per share, for a $1.96 trillion market cap. Apple's market valuation stands at $2.24 trillion.

Microsoft's shares have gained 19% so far this year, outperforming tech peers Apple and Amazon. The Redmond, Washington-based company is best known for its enterprise computing software, and it is expected to announce an update to its Windows operating system this week. 

Source: Business Insider