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Microsoft's stock crosses trillion-dollar threshold intraday for the first time

Tomi Kilgore

Shares of Microsoft Corp. shot up 4.7% in morning trade Thursday, as the software behemoth crossed above the $1 trillion market-capitalization threshold intraday for the first time, after fiscal third-quarter results that beat expectations. With 7.663 billion shares outstanding as of April 18, the Microsoft's market cap was $1.003 trillion, to leap-frog past Apple Inc. , which was currently at $975.7 billion. Amazon.com Inc. , which reports earnings after the closing bell, was at $945.1 billion. Microsoft shares have now run up 29% year to date, while the Nasdaq Composite has rallied 23% Dow Jones Industrial Average has climbed 13%