Microsoft officially humungous
After hitting the US$1 trillion mark in 2018, tech giant Microsoft yesterday became the 2nd publicly traded US company after Apple to reach a value of $2 trillion. That’s largely thanks to a jump in sales during the pandemic, as well as the company’s new forays into cloud computing and enterprise software. The value of tech companies has skyrocketed in recent years, with Apple taking just 2 years to double its market value after taking 42 years to reach $1 trillion. But commentators say more companies will soon join the exclusive club, with Amazon and Google’s parent company Alphabet (valued at $1.77 trillion and $1.67 trillion respectively) set to cross the threshold. The only other company in that realm is Aramco, Saudi Arabia’s state-owned oil company. It was the world’s most valuable company until Apple surpassed it last year.
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