Ending the last trading week, Microsoft has become the most valuable company in the United States. After the stock surged in Friday's trading session on June 7, the market value of this software company surpassed $ 1,000 billion.
Currently the second and third companies, Amazon and Apple, are worth between $ 900 billion and $ 880 billion. Meanwhile, a 10% increase in Microsoft's stock price over the past 4 trading days has brought the company capitalization to a new record high.
Microsoft stock price under the reign of Satya Nadella.
Investors' optimism about Microsoft's cloud services business is a key factor for the stock's rally, when CEO Satya Nadella is seen as a renaissance company. Meanwhile, Mr. Nadella himself is not happy with this milestone and thinks it doesn't make sense.
Everything was not quite good for this technology giant before Mr. Nadella took over as CEO in February 2014. At that time Microsoft had missed the explosion of mobile, not competing against the machine. Google search and also ignore social networking, while the future for Windows operating system and Office software suite is becoming unclear.
However, under Nadella's vision and leadership, the company's spirit and performance have been restored. Mr. Nadella has focused his attention on cloud computing with services from Azure cloud to confront rival Amazon Web Services.
According to market research firm Canalys, Microsoft currently has 17% of the global cloud infrastructure services market share in 2018. Meanwhile, Amazon Web Services is still leading with 32% market share.