Microsoft took its place in the history books as just the second US public company to reach a $2 trillion (roughly Rs. 1,48,50,100 crores) 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 1.2 percent in New York on Tuesday, enough for the software company to briefly join Apple as one of only two companies trading at such a lofty value before closing pennies short of the mark at $265.51 (roughly Rs. 19,700). Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion (roughly Rs. 1,41,13,490 crores).