Microsoft's stock jumped following a strong earnings report for its third fiscal quarter, propelling the company past Apple to become the largest in the U.S. by market capitalization. Microsoft now holds a market cap of $3.24 trillion, exceeding Apple's $3.07 trillion. The software company gained $322.8 billion in market cap this week, driven by its performance.
Achieving the highest market capitalization in the U.S. is a testament to Microsoft's robust financial health and strategic execution. This milestone reflects strong investor confidence in its cloud computing and artificial intelligence initiatives. It solidifies Microsoft's position as a dominant force in the technology sector and a key player in the global economy.
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