Microsoft Reaches a $3 Trillion Market Cap, Trailing Behind Apple

On January 24, Microsoft reached an all-time high with a stock market value exceeding $3 trillion, securing its position as the world's second most valuable company, tracing only behind Apple. Throughout the year, Microsoft and Apple shares have been competing for the top spot as the most capitalized stock on Wall Street, with Microsoft overtaking its rival earlier in January for a short period of time.

In recent months, Microsoft's stock has been on the rise thanks to the growing interest in its AI initiatives. The company's announcement of the pricing for its Copilot for Microsoft 365 service last year contributed to a notable increase in its stock price. Microsoft has been maintaining a steady pace of AI-related announcements, introducing new features and products almost every week.

As for now, the list of the world's top 5 most valuable companies includes four IT giants along with Saudi Aramco, the national oil company of Saudi Arabia.

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