Microsoft achieved a $4 trillion market cap, becoming just the second company ever to reach that valuation. Microsoft is now the No. 2 most valuable company on the planet, trailing only Nvidia. The climbing valuation comes just after Microsoft laid off 9,000+ people, including major cuts at Xbox.
Microsoft reported earnings on Wednesday, and the company beat expectations. The company’s stock price jumped after that, helping push Microsoft’s total valuation above $4 trillion. The stock price has since cooled off, dropping Microsoft back below $4 trillion but still ranking No. 2 overall. Microsoft is currently trading at around $538 per share, which is up 28% year-to-date and up 163% over the past five years.
The top five companies on the planet ranked by market cap include Nvidia, Microsoft, Apple, Amazon, and Alphabet, in that order.
