Microsoft closes with valuation above $2 trillion, becoming second U.S. company to do so

Shares of Microsoft MSFT, +0.53% closed up 0.5% in Thursday trading, finishing the day at $266.69 to give the technology giant a valuation of $2.009 trillion. Microsoft first crossed the $2 trillion mark in intraday trading Tuesday but failed to close above that mark.

Like many of its technology peers, Microsoft has benefited during the pandemic amid a digital boom that drove demand for the company’s Azure cloud-computing platform as well as tools like Microsoft Office and Microsoft Teams. The company’s personal-computer business has also seen strong results given a growing need for devices that can support remote work and schooling.

Microsoft’s market value hit a 2020 low of $1.03 trillion in the early days of the COVID-19 crisis, according to Dow Jones Market Data, but the shares are up more than 96% from their closing low of $135.42 on March 16, 2020.

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Game pass App is pretty awesome. No need to buy an Xbox😁

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