That has happened as Microsoft is now ranked 4th again, but the company has crossed a market cap of over $800 billion for the first time. The milestone market capitalization figure was reached this week. Back in May, Microsoft was valued at $753 billion so has continued growth in recent months. However, Google’s growth appears to have been sharper as the company has regained third spot.
Race to the Top
It is also clear that all these companies are thriving despite what their rivals do. In the background of the market back and forth is the race to become the world’s first trillion-dollar company. Apple is out in front and seems the most likely, but a cooling smartphone market may hamper Cupertino’s chances. Microsoft’s performance is pleasing investors. The company’s share price has increased over 21% in 2018 alone. CEO Satya Nadella will announce Microsoft’s latest quarterly earnings on 19th July.
