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- Nvidia became the world’s first $4 trillion company recently.
- Microsoft is the only company to rival Nvidia, with stock prices rising 15% this year.
- The company is currently valued at nearly $3.8 trillion and may soon join the $4 trillion club.
Microsoft made headlines for its latest round of layoffs, which impacted a large part of Xbox’s first-party division. This round of layoffs resulted in cancellations like Perfect Dark and Everwild, but Microsoft, as a whole, appears to be doing better than ever.
In fact, a new report points out that the company could soon reach $4 trillion market cap.
Why it matters: Nvidia recently became the world’s first company to hit $4 trillion in market value. However, this came as no surprise after the gaming giant’s dominance in the AI sector.
As spotted by Windows Central’s Jez Corden, Microsoft’s stock price is up 15% this year. The company is currently second only to Nvidia, and its investment in AI appears to be the primary reason for this success.
According to estimates, Microsoft is currently valued at a whopping $3.782 trillion, with Apple following behind in third place. However, the latter’s market value is estimated to be $3.14 trillion at the moment, leaving Xbox’s parent company as the clear winner.
Between services like Microsoft 365, Azure, Xbox, and more, the business is doing better than ever. Although CEO Satya Nadella’s ruthless job cuts and layoffs have proven to be unpopular, his strategies have certainly earned the approval of more than a few shareholders.
Of course, it will be interesting to see whether these recent layoffs at Microsoft do long-term harm to the company.
With low employee morale and uncertainty regarding job security, future services from the tech giant may suffer, making the journey to a $4 trillion valuation more challenging than anticipated.
Do you think Microsoft will soon join Nvidia as the 2nd $4 trillion company? Let’s discuss in the comments and on the Tech4Gamers Forums.
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[News Reporter]
Avinash is currently pursuing a Business degree in Australia. For more than three years, he has been working as a gaming journalist, utilizing his writing skills and love for gaming to report on the latest updates in the industry. Avinash loves to play action games like Devil May Cry and has also been mentioned on highly regarded websites, such as IGN, GamesRadar, GameRant, Dualshockers, CBR, and Gamespot.
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