Microsoft has now moved into de facto third most valuable company in the world. At the close of trading on Tuesday, Redmond’s market value was capped at $753 billion. As for Alphabet, the Google owner secured a market value of $739 billion at the end of regular trading.
Microsoft Growth
It is worth noting that since Google restructured under parent company Alphabet, it has had a lead over Microsoft. Redmond’s growth shows CEO Satya Nadella’s push to make Microsoft a cloud-first company. That strategy has been successful as the company has enjoyed huge growth in recent years. Despite securing third place in the market value stakes this week, Microsoft’s stock prices declined on Tuesday. Investors attribute the slight decline to political turmoil in Italy, driving a selloff of stock.
