Microsoft market cap hits $600 billion for first time since dot-com boom

Published on: October 21, 2017
Author: Amy Liu

Microsoft Corp. MSFT, +1.16% closed Thursday with a market capitalization of $600 billion for the first time since 2000, just before the dot-com bubble burst, according to FactSet. The last time the stock touched $600 billion was Jan. 3, 2000. The return to a $600 billion valuation comes as the company has become a force in cloud computing under the leadership of Chief Executive Satya Nadella. Microsoft stock was up less than 1% after hours and closed up 0.4% to $77.91. The Redmond, Wash.-based company is up 25.4% this year, with the S&P 500 index SPX, +0.51% up 14.4%. Microsoft is the third largest company by market capitalization, behind Alphabet Inc. GOOGL, +0.32% and Apple Inc. AAPL, +0.17% according to FactSet.

Source: Market Watch

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