Hitting a new all-time high Microsoft’s market cap crossed the 800 billion$ mark as the Satya Nadella led firm seems to be on track on its course to become the first 1 trillion$ company in the world, as analysts have long been predicting.
Microsoft is currently trailing behind Apple, Amazon and slightly behind Alphabet Inc, the parent housing of Google.
The company saw a 2.2% bump in its shares in Thursday midday trading hitting triple digit at 104.21$. It should be noted as even during its more prosperous years in the 90’s and early 2000’s especially when Bill Gates was at the helm, Microsoft had not been able to achieve this much market cap, even if inflation adjustment is taken into account.
This marks another achievement in Satya Nadella’s hat. Its been slightly above four years since Satya Nadella took charge of the company steered its ship in a different direction enabling it to grow from $300 billion to $800 billion Corporation.
For Microsoft, it seems there is no slowing down in the future, with the company’s booming cloud business raking in billions of dollars of revenue. It seems it isn’t far when we’re going to see it cross the $900 billion mark.
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