Microsoft has secured a page in history books by becoming only the second US-based publicly traded company that has hit the market cap of $2 trillion. With the feat, Microsoft joins Apple to be a member of the $2 trillion elite club.
On Tuesday, the stock value of Microsoft jumped 1.2% in the anticipation of strong performance by the company that is betting big on Cloud Computing and Enterprise software. The jumped helped the heavyweight of the industry has been constantly putting an excellent show to attracted more eyeballs of investors and market traders.
The jump in Microsoft’s stock value came after the news of Satya Nadella, the driving force behind Microsoft’s impressive performance since 2014, getting elevated to Chair position in the board of the company.
Microsoft Valuation: The Big Picture
Microsoft $2 Trillion Club: Food For Thought
The leadership style of Satya Nadella is bearing fruits for Microsoft like never before. Since the day he took charge as CEO, the stock value of Microsoft has recorded jaw dropping 636% growth, forcing his critics go silent.
Despite impressive growth in Cloud and Enterprise segment, Microsoft has failed to make a presence in the fast-growing social media and mobile industry. The repeated failed attempts made by Microsoft in past has left many investors wondering about the future growth of the company, especially when mobile and social media is being touted as the next big thing.
