Microsoft Joins the $1 Trillion Club

Microsoft, for a moment on Thursday, was the third U.S. company to see its valuation cross the $1 trillion mark.

Shares have since lost some of those gains, putting the company just under the line once again. It’s uncertain if it will close above the milestone

The stock spiked after the company beat its earnings estimates late Wednesday, briefly topping $130.50, which pushed the market cap over the psychological threshold. Overall, Microsoft’s stock is up 34% in the past year.

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