Microsoft's market capitalization hits $2 trillion

Microsoft has joined the most exclusive club in the world: companies with a market worth above $2 trillion.

After Apple (AAPL), Microsoft is only the second publicly traded American corporation to reach such a valuation. Saudi Aramco, the oil corporation that went public in 2019, has also surpassed that milestone, albeit its market worth on Tuesday was $1.88 trillion.

Since March 2020, when pandemic lockdowns were implemented in the United States, Microsoft's stock has increased by 64%.

It was made possible by Covid-19. People spent more time on their digital devices as a result of the pandemic, which increased demand for Microsoft's computers, gaming systems, and cloud computing platforms. And the company's stock rose as a result of a stock market surge, as well as the performance of tech businesses in particular.

© 2021 Cable News Network