Microsoft Corp.’s stock has been steadily increasing, positioning the company in an esteemed category. Only Apple Inc. has surpassed the $3 trillion market capitalization threshold, accomplishing this milestone at the end of June. Now, Microsoft seems poised to join the ranks of the iPhone maker.
According to Dow Jones Market Data, in order for Microsoft to reach the coveted $3 trillion mark, shares need to close above $403.646. Trading on Wednesday morning saw prices reach as high as $404.72.
Microsoft’s journey to becoming a trillion-dollar company started when it went public in March 1986. It took them 8,351 trading days to achieve a $1 trillion valuation—a remarkable feat. However, the tech giant, known for its Office and Windows products, surpassed the $2 trillion mark in just 543 sessions. If Microsoft manages to close above the required threshold today, it will have achieved this milestone a mere 649 days after reaching the $2 trillion mark.
With a 1.1% increase in morning trading, Microsoft shares continue to show promising growth.