market value soared as much as $154 billion – that's practically the entire fortune of Jeff Bezos, the world's third-richest person.
The computing giant's shares jumped as much as 6% to an all-time high of $366.78 apiece on Tuesday, after it unveiled a $30 AI subscription for its Office 365 platform. That saw its market cap balloon by as much as the above-mentioned figure during intraday trades, before ending the session with a $102 billion increase.
Amazon founder Bezos' wealth totaled $157 billion as of Tuesday, according to the Bloomberg billionaires index. Microsoft's latest market-cap gains take the year-to-date increase to an astounding $885 billion, with its stock price rallying 50% in the same period. The company's shares have greatly benefited from a surge in investor excitement over the rise of artificial intelligence, following the smashing debut of OpenAI's ChatGPT. In January, Microsoft said it was investing $10 billion in OpenAI.Their combined value now stands at an eye-watering $11 trillion – which, to offer another comparison,
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Microsoft and a UK regulator have been granted more time to resolve Activision merger issues | EngadgetMicrosoft has been granted more time to resolve a UK regulator's concerns over its proposed $68.7 billion acquisition of Activision Blizzard.
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