After a long wait of 17 years, Microsoft has finally hit the Market cap of $600 billion. The last time this happened, the year was 2000 and the dot-com bubble was at the peak before bursting and crashing the market taking companies along with it.
On the morning of Thursday however, Microsoft’s shares rose 0.4% to hit an all-time high of $77.91 and crossing the $600 billion threshold.Â This growth can be attributed to its unprecedented rise in the cloud computing sector, where the company is a dominant force. It now joins its fellow S&P 500 tech giants – Apple (about $800 billion) and Google’s parent company Alphabet (about $690 billion). TheÂ Cupertino company is predicted to cross the coveted trillion dollar market capÂ before any other corporation. Other notable companies with market value of over $500 billion are Facebook and Amazon.