SEVERE WX: Winter Weather Advisory - Winter Storm Watch View Alerts
CLOSINGS: View Closings

Microsoft passes Google in market value. Next up? Amazon

Microsoft CEO Satya Nadella can brag to Bill Gates that the company's stock price has never been higher during Micros...

Posted: May. 30, 2018 7:57 PM
Updated: May. 30, 2018 7:57 PM

Microsoft CEO Satya Nadella can brag to Bill Gates that the company's stock price has never been higher during Microsoft's 32-year history as a public company than it is now.

And Microsoft's market value just passed rival Google's too.

Shares of Microsoft rose nearly 1% Wednesday and are now up more than 15% this year. The company is worth $760 billion, more than Google owner Alphabet's market cap of $745 billion.

Microsoft now trails fellow Washington state native Amazon by about $30 billion for second place in the market value race.

Apple, the world's most valuable company, is worth about $920 billion. Apple lost some ground Wednesday though. It was one of only two stocks in the Dow that were lower Wednesday afternoon. GE was the other.

But times have never been better for Microsoft, because of Nadella's strategy to focus the company more on cloud computing after former Microsoft CEO Steve Ballmer stepped down in 2014.

Related: Two of the world's biggest brands are now Chinese

Business is booming for the Office 365 software suite and the Azure hosting business. Microsoft's sales and profits are expected to grow at a rate of more than 10% for the next few years, impressive for a company of Microsoft's size.

In addition to the push to cloud versions for Office and other popular Microsoft business software, Nadella also has made a big investment in social media with the $26 billion deal for LinkedIn in 2016.

Related: Next stop for Microsoft -- $1 trillion?

These are some of the reasons why Wall Street has fallen in love with Microsoft again.

In fact, analysts at both Morgan Stanley and Evercore ISI said in recent months that they think Microsoft's market value may soon top $1 trillion. That's more than 30% higher than the company's current market cap.

Article Comments

Mason City
Scattered Clouds
wxIcon
Hi: 27° Lo: 24°
Feels Like: -9°
Albert Lea
Clear
10° wxIcon
Hi: 27° Lo: 24°
Feels Like: 10°
Austin
Clear
wxIcon
Hi: 30° Lo: 26°
Feels Like: 9°
Charles City
wxIcon
Hi: 28° Lo: 24°
Feels Like: -4°
Rochester
Broken Clouds
wxIcon
Hi: 28° Lo: 24°
Feels Like: -6°
Tracking ice accumulations to start your weekend and heavy snow and wind to end it.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Tracking a Massive Weekend Winter Storm

Image

Flexible learning days getting test runs during snow days

Image

The Mayo Clinic bells are back

Image

FEB. 21 DISTRICT BASKETBALL

Image

FEB. 21 SECTION HOCKEY

Image

IGCA ALL-DISTRICT TEAMS

Image

Exhibit focuses on "Traveling While Black"

Image

Cottage Grove at Saint Mary's Place

Image

Vouchers for Jeremiah Program

Image

Garbage cans & snowy streets

Community Events