Microsoft Sets Record with Near $450B Single-Day Gain in Market Value | Honolulu Star-Advertiser
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17 Articles
Microsoft made stock market history this Thursday by adding almost half a trillion dollars to its market value. It was the biggest gain ever recorded by an action in a single day. The shares of the company based in Redmond, Washington, fired 16%, the biggest advance since October 2008, resulting in an increase of $450 billion to its capitalization. The movement exceeded the $440 billion increase in Nvidia Corp, which occurred after President Don…
Microsoft sets record with near $450B single-day gain in market value | Honolulu Star-Advertiser
Microsoft added nearly $450 billion in market value on Thursday, the largest one-day gain on record for a company, after it forecast stronger-than-expected cloud growth and signaled continued cash generation through its new fiscal year.
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The rise in Microsoft shares follows the tech company's financial results, which exceeded analysts' expectations.
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