Microsoft Poised to Top $1 Trillion in Value, Beating Amazon and Apple

(Bloomberg) -- Microsoft Corp. gained 5.2 percent in pre-market trading in New York Thursday after its third-quarter earnings and revenue beat estimates, putting it on track to top $1 trillion in market for the first time and beating tech peers Apple Inc. and Amazon.com Inc. to the key level.

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While all three companies have held the title of largest U.S. stock at some point in 2019, Apple is the only one to have spent much time above the $1 trillion valuation. However, it hasn’t done so since November, when concerns over iPhone demand and other issues started a decline from which it has yet to recover. Apple will get its chance to rejoin the 13-digit club when it releases earnings on Tuesday.

Read More: Tech Trio Races Toward $1 Trillion Valuation on Cusp of Earnings

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