Microsoft 2nd US co to hit $2tn mcap

Washington: Microsoft on Thursday became only the second US company after Apple to reach a $2-trillion valuation, sticking another feather in the cap of its Indian-American CEO Satya Nadella after he was appointed chairman of the company — only the second in its history after Bill Gates — last week.

The Seattle giant joined the elite club — in which the third and only other member is Saudi Aramco — even as it unveiled its updated Windows 11 operating system amid a relentless run-up in technology stocks. Microsoft is trailed by Amazon and Google (both with market cap of $1.7 trillion) in the Trillion-dollar club, and its astonishing growth is largely credited to Nadella’s vision after he took over in 2014 when the company was considered moribund in many quarters.