{"id":7083,"date":"2024-01-24T17:34:13","date_gmt":"2024-01-24T17:34:13","guid":{"rendered":"https:\/\/demo5.dedicatedhost247.com\/zexo\/microsoft-briefly-crosses-3-trillion-in-market-cap\/"},"modified":"2024-01-24T17:34:13","modified_gmt":"2024-01-24T17:34:13","slug":"microsoft-briefly-crosses-3-trillion-in-market-cap","status":"publish","type":"post","link":"https:\/\/demo5.dedicatedhost247.com\/zexo\/microsoft-briefly-crosses-3-trillion-in-market-cap\/","title":{"rendered":"Microsoft briefly crosses $3 trillion in market cap"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107358779\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024.<\/p>\n<p>David Paul Morris | Bloomberg | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\/\">Microsoft&#8217;s<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> market cap briefly surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% and hit around $404 per share.<\/p>\n<p>The milestone comes nearly two weeks after <a href=\"https:\/\/www.cnbc.com\/2024\/01\/12\/microsoft-tops-apple-in-market-cap-at-fridays-close.html\">Microsoft eclipsed<\/a> <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-3\"><a href=\"https:\/\/www.cnbc.com\/quotes\/AAPL\/\">Apple<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> as the world&#8217;s most valuable public company on Jan. 12. Apple has reclaimed the No. 1 spot, and its market cap reached around $3.02 trillion on Wednesday.<\/p>\n<p>Shares of Microsoft are up more than 7% year to date as investors remain bullish about the company&#8217;s investments in artificial intelligence.<\/p>\n<p>Analysts at Citi said they expect Microsoft to deliver a &#8220;solid beat&#8221; for its upcoming fiscal second-quarter earnings report, partially because of its leadership position around generative AI. The analysts raised their estimates and target price and reiterated their buy rating on the stock in a note Wednesday.<\/p>\n<p>Similarly, analysts at Morgan Stanley said they believe Microsoft&#8217;s positioning and contributions related to generative AI are &#8220;getting even stronger,&#8221; according to a note Tuesday. They moved their price target to $450 from $415, and said they &#8220;remain confident in upside to our above consensus estimates.&#8221;<\/p>\n<p>Microsoft is scheduled to report fiscal second-quarter earnings on Jan. 30.<\/p>\n<p><em>\u2014 CNBC&#8217;s Michael Bloom contributed to this report.<\/em><\/p>\n<p><em><strong>Don&#8217;t miss these stories from CNBC PRO:<\/strong><\/em><\/p>\n<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Microsoft CEO Satya Nadella speaks at the CES conference in Las Vegas on Jan. 9, 2024. David Paul Morris | Bloomberg | Getty Images Microsoft&#8217;s market cap briefly surpassed $3 trillion in intraday trading Wednesday after the stock climbed more than 1% and hit around $404 per share. The milestone comes nearly two weeks after [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7084,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":""},"categories":[46],"tags":[559,642,184,1036,10713,199,3283,4368,300,1843,183,1760,1046,560,4228],"jetpack_featured_media_url":"https:\/\/image.cnbcfm.com\/api\/v1\/image\/107358779-1705270019393-gettyimages-1914786752-CES_2024.jpeg?v=1706111234&w=1920&h=1080","_links":{"self":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7083"}],"collection":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/comments?post=7083"}],"version-history":[{"count":0,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/posts\/7083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media\/7084"}],"wp:attachment":[{"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/media?parent=7083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/categories?post=7083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo5.dedicatedhost247.com\/zexo\/wp-json\/wp\/v2\/tags?post=7083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}