Microsoft Corporation has once again crossed the impressive $4 trillion mark in market valuation, joining forces with artificial intelligence chipmaker Nvidia in an exclusive group that briefly welcomed Apple on Tuesday. This surge in valuations underscores the fervor among investors surrounding advancements in artificial intelligence technology.
The day’s boost was further fueled by OpenAI’s announcement of a significant reorganization of its ownership structure. The company has converted into a public benefit corporation after gaining the green light from key regulators, including the attorneys general of Delaware and California. OpenAI also revealed a new agreement with Microsoft, granting the software giant approximately a 27% stake in its newly established for-profit entity.
Following this news, Microsoft’s stock experienced a notable increase, closing up 2% at $542.07, with a market valuation of $4.04 trillion. Notably, this achievement also reflects a previous milestone reached in July, solidifying Microsoft’s position as the second company, after Nvidia, to attain this valuation.
In contrast, Apple’s stock saw a dip, despite crossing the $4 trillion threshold earlier on Tuesday, ultimately closing at $269, reflecting a total valuation of $3.99 trillion. Apple has previously made headlines for being the first publicly traded company to reach valuations of $1 trillion, $2 trillion, and $3 trillion, largely driven by the success of its flagship product, the iPhone.
The market’s focus on artificial intelligence and the ability of tech giants like Microsoft and Nvidia to leverage this burgeoning field suggests a potentially promising trajectory for the industry, reinforcing investor confidence and indicating robust growth prospects in the technology sector.