Microsoft Poised to Top $1 Trillion in Value, Beating Amazon and Apple

(Bloomberg) -- Microsoft Corp. gained 5.2 percent in pre-market trading in New York Thursday after its third-quarter earnings and revenue beat estimates, putting it on track to top $1 trillion in market value for the first time and beating tech peers Apple Inc. and Amazon.com Inc. to the key level.

While all three companies have held the title of largest U.S. stock at some point in 2019, Apple is the only one to have spent much time above the $1 trillion valuation. However, it hasn’t done so since November, when concerns over iPhone demand and other issues started a decline from which it has yet to recover. Apple will get its chance to rejoin the 13-digit club when it releases earnings on Tuesday.

To contact the reporters on this story: Courtney Dentch in New York at cdentch1@bloomberg.net;Ryan Vlastelica in New York at rvlastelica1@bloomberg.net

To contact the editor responsible for this story: Chris Nagi at chrisnagi@bloomberg.net

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