Microsoft's stock surge lifts market cap above $1 trillion, more than $100 billion above Amazon and Apple

Shares of Microsoft Corp.

surged 2.8% toward a record high, enough to pace the Dow Jones Industrial Average's DJIA, +1.04% gainers and to push the software giant's market capitalization above the $1 trillion mark in intraday trading. That stretched Microsoft's lead as the most valuable U.S. company to well over $100 billion. Microsoft's market cap is currently $1.007 trillion, while second-place Amazon.com Inc.'s AMZN, +2.53% market cap is at $885.8 billion and Apple Inc.'s AAPL, +2.

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