Meanwhile, Microsoft continued its dominance, increasing its market value by $159.36 billion to $2.95 trillion. This rapid growth was largely due to increased demand for the Azure cloud service. However, the company managed to consolidate its position as the world’s most valuable company, surpassing Apple, whose market value is $2.85 trillion.
After a difficult period, Meta* made a so-called “comeback”, rising above $1 trillion for the first time since September 2021. The revival was driven by a 25 percent increase in revenue and the announcement of its first dividend.
However, not all technology giants were successful. Tesla’s market value fell 24.5%, underlining the instability in the tech environment. Likewise, Saudi Arabian Oil Co. fell 7.3 percent.
*Belongs to Meta, who is recognized as an extremist and banned in the Russian Federation
Source: Ferra
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