Microsoft Stock Rises Slightly as Market Capitalization Hits $3.7 Trillion

Microsoft Corporation (MSFT) is trading near the top of its 52-week range and above its 200-day simple moving average, according to data from CNN. The price of MSFT shares has increased $0.13 since the market last closed, a 0.03% rise.

The stock closed at $499.99 but has since dropped $0.54 in after-hours trading. Microsoft engages in the development and support of software, services, devices, and solutions through three main segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.

Microsoft's market capitalization is a massive $3712.70 billion, placing it in the mega-capitalization category. The company has been making headlines recently with its AI pivot luring politicians and its 43% Azure sales jump boosting MSFT stock forecast.