The software giant Microsoft is the only U.S. company that has managed to remain above the $1 trillion market value threshold, after the Covid-19 pandemic caused a significant decline in the stock market.
Previously, Microsoft was only the third company to reach the $1 trillion milestone. Apple was the first U.S. company to surpass this important threshold. Just a month ago, both Apple, Amazon, and Alphabet (the parent company of Google) all had market capitalizations over $1 trillion.
However, due to the impacts of the Covid-19 pandemic, and the pervasive fear surrounding the U.S. stock market before a potential economic crisis, all three of these tech giants have “collapsed”.
As of the end of last Monday, the market capitalizations of these three giants were as follows:
Apple: $981.72 billion.
Amazon: $947.24 billion.
Alphabet: $725.39 billion.
Meanwhile, Microsoft’s market value stands at $1.034 trillion. One reason for this could be that the Covid-19 pandemic did not significantly impact the software giant’s business operations, unlike Apple or Amazon, which suffered heavy losses.
In fact, the necessity for people to stay home and use work software and online meeting platforms like Teams has allowed Microsoft to benefit more than others.
Source: BusinessInsider