TheMicrosoftOfficially joined an elite group of companies with a market capitalization of $ 2 trillion.

It is America’s second-largest publicly traded company. Appleton reaches this mark. The oil company Saudi Aramco’s 2019 public offering of NASDAQ was also successful, even though its market value was US$ 1.88 trillion on Tuesday (22).

Microsoft’s market capitalization surpassed $2 trillion on Tuesday and the closing of trading was just $300 million lower. Its shares increased 1.1% to $265.51 during the trading session.

The company reached the $2 trillion mark in just two years, having already crossed the $1 trillion mark in market capitalization.

Covid-19 was a key factor in helping Microsoft reach its goals. As people spend more time using their smartphones, there is a growing demand for computers, gaming systems, and cloud computing platforms.

The success of tech companies and a stock market rally following the past crisis has elevated their positions. Since March 2020, when the United States began to have pandemic blockades, Microsoft shares have increased 64%.

The company reported that April sales rose 19% year-over-year to $41.7 billion for the three months ending March 31.

Satya Nadella, CEO of Google, stated that the digital adoption curves have not slowed down after a year of pandemics. “We are building the cloud of the future, expanding our market and innovating across all layers of technology to help customers transform and be resilient.”

Also Read: Can Becoming Board Chair Give Microsoft CEO Satya Nadella More Impact And Affect?

Apple’s market capitalization topped $2 trillion in August and is currently at $2.24 trillion. Two other tech giants are also chasing this number, including Microsoft.

amazon Tuesday, the market capitalization reached $1.77 trillion and Google’s parent company was also at $1.77 trillion.AlphabetHit $1.67 Trillion.