NEW YORK: Microsoft Corp took its place in the history books as just the second United States public company to reach a US$2 trillion (RM8.33 trillion) market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.
Its shares rose as much as 1.1% to US$265.64 (RM1, 106.79) on Tuesday in New York, enough for the software company to join Apple Inc as one of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about US$1.9 trillion (RM7.92 trillion).
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