Microsoft becomes second US company after Apple to join exclusive $2 trillion club: Here’s all you need to know

Microsoft took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.

Its shares rose as much as 1.2% in New York on Tuesday, enough for the software company to briefly join Apple as one of only two companies trading at such a lofty value before closing pennies short of the mark at $265.51. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion.