Microsoft has achieved the title of the most valuable company in the world in history! The company reached a market value of exactly 3.125 trillion dollars last Friday, setting a new record. The previous record was held by Apple with 3.09 trillion dollars. Apple, which dropped to the second position, is currently valued at 2.916 trillion dollars.
How did Microsoft become the most valuable company?
The main reason for Microsoft’s rise to the top is attributed to the company’s keen grasp of artificial intelligence technologies and its significant investments in this area. Artificial intelligence, touted as the most vital technology of the future, has already influenced the way many companies conduct their business and productivity. Microsoft CEO Satya Nadella also stated that this technology has the potential to reshape almost every industry.
It was announced that the company’s revenue in the second quarter of 2024 increased by 18% to reach 62 billion dollars. The main drivers of this significant increase are cited as the artificial intelligence support brought to Windows 11 and the acquisition of Activision, which is changing the balance in the gaming sector.
CEO Nadella emphasized the importance of the artificial intelligence revolution in his latest presentation and claimed that companies that miss this trend will lag far behind in competition. He also advised not only companies but also countries to make all their future plans considering this development.
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