FX.co ★ Microsoft’s market cap reaches $2 trillion

Microsoft has officially become a company with a market value exceeding $2 trillion. According to the NASDAQ exchange, the tech giant has increased in value by more than one third over the year. That was enough to set a record.

It took Microsoft 33 years to break the $1 trillion barrier from the date of the initial public offering of the company's shares on the stock exchange. In just two years, the company of Bill Gates achieved another spectacular result. Today, only Apple, Microsoft's main opponent, is worth more. Its market capitalization reaches $2.23 trillion.

In fact, all prominent IT companies, the so-called FANGMAN group, have shown excellent performance this year. This group comprises stocks of the leading names in the tech industry such as Microsoft, Apple, Facebook, Amazon, Netflix, Alphabet (Google's parent company), and Nvidia. Microsoft shares have approached the $270 mark and are expected to remain bullish in the future.

As a reminder, Saudi Aramco, the Saudi Arabian public petroleum and natural gas producer, became the world's first $2 trillion company. However, it was not able to stay at the top for too long. Its current market capitalization is around $1.9 trillion. Amazon and Alphabet are following suit. Their market value is $1.77 and 1.67 trillion respectively.