Microsoft stock price crosses $100 mark
Microsoft's stock toll has been on an up trend for some time, but the company marked a major milestone today: the $100 mark. As of this writing, Microsoft stock is trading at just over $100, the outset time information technology has crossed that threshold (via MSPU) since undergoing a serial of stock splits in the 1990s.
The news comes days later on Microsoft swapped positions with Alphabet to become the world's third most valuable company in terms of market place cap. As they take in the past, the 2 companies have since exchanged spots again, and they'll probable continue to do and then in the future.
Despite its high profile struggles with Windows phone, Microsoft has been on an upward trajectory since CEO Satya Nadella officially took over in 2022. Every bit noted by CNBC earlier this week, Microsoft has seen a growth of 40 percent in the past 12 months. That'due south in large office due to the company's continued growth in its cloud and commercial services. That's particularly true in the enterprise sector, which has become an increasingly important part of Microsoft'south business.
Aside from its cloud business organisation, Microsoft is now focusing its efforts on the burgeoning fields of AI, quantum computing, and mixed reality. The company recently underwent a major reorganization of its internal teams to reflect this – the furnishings of which are still being felt.
At that place's all the same plenty of fourth dimension left in the trading solar day here in the U.S., and so the stock price could very well dip back below $100. Still, it represents a major milestone for the visitor every bit it continues to compete with Google, Amazon, and Apple tree.
Hither's to hoping yous bought some Microsoft stock when information technology was cheap!
Updated June 1, 2022: Updated to clarify that Microsoft's stock indeed traded above the $100 mark before bookkeeping for stock splits in the '90s.
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Source: https://www.windowscentral.com/microsoft-stock-price-crosses-100-mark-first-time
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