Microsoft has become the second company ever to achieve a $3 trillion market valuation, reaching the milestone on January 26th. It closed at $3.01 trillion, or $404.87 per share, making it the second company after Apple to reach $3 trillion. Much of Microsoft's recent stock hype has come from AI announcements and new product news bolstering the share price weekly. This milestone occurred on the same day Microsoft laid off 1900 workers from its gaming divisions, including Activision Blizzard teams.
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00:00 It's Benzinga and here's what's on the block. Microsoft has become the second company ever
00:04 to achieve a $3 trillion market valuation, reaching the milestone on January 26. It
00:09 closed at $3.1 trillion or $404 a share, making it the second company after Apple to reach $3 trillion.
00:14 Much of Microsoft's recent stock dive has come from AI announcements and new product news
00:18 bolstering the share price weekly. This milestone occurred on the same day Microsoft laid off 1,900
00:23 workers from its gaming divisions, including Activision Blizzard teams. The layoffs were
00:27 described as part of the strategy to support Microsoft's growing business with a sustainable
00:31 cost structure. For all things money, visit Benzinga.com.