Microsoft (MS) surpassed a market capitalization of $3 trillion (approximately 3,996 trillion KRW) during trading on the 24th (local time).
As of the afternoon session in the New York stock market, MS's stock price is trading at around $405.49, up 1.65% from the previous close. Its market capitalization has also exceeded the $3 trillion mark, reaching approximately $3.014 trillion.
This is the first time MS's market capitalization has surpassed $3 trillion. It is expected to close above the $3 trillion mark by the end of the trading day. If so, MS will become the second company to join the $3 trillion club, following Apple.
MS, which partnered with OpenAI, the developer of ChatGPT, has recently been recognized as a leading big tech company driving artificial intelligence (AI) development, showing an upward trend in its stock price. In mid-June, it even overtook Apple to claim the top spot in market capitalization.
MS is scheduled to announce its Q4 earnings for last year on the 30th. Citibank raised MS's target stock price from $432 to $470 on the same day. Morgan Stanley also previously upgraded its target price from $415 to $450 in a report, stating that "MS's AI position and contribution are becoming even stronger."
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