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Nasdaq index has added $1.5 trillion thanks to Microsoft


November, 10 2023
watermark Economic news

Microsoft, one of the largest companies by market capitalization, has led to a significant increase in stocks in the technology and Internet sector, as a result of which the total value of the Nasdaq 100 has increased by about $1.5 trillion in recent days.


Experts note that Microsoft has a reliable and efficient business model, thanks to which the company occupies a leading position in the field of artificial intelligence, offering more stable and long-term advantages compared to other industry players.


Despite the 0.3% drop in Microsoft shares on Thursday after a 9-day period of growth, the longest in the last four years, the stock price has increased by 15% since the end of September. Thus, Microsoft stands out among the seven companies with the largest capitalization, contributing to the growth of the market this year. At the moment, the company's market value is $2.69 trillion, which is slightly inferior to Apple with its $2.85 trillion.


In its latest report, Microsoft demonstrated renewed growth in the field of cloud technologies and AI products. Many analysts believe that the company has experienced the worst period in terms of key indicators. The combination of strong fundamental data and a favorable economic environment suggests that high technologies can not only re-enter the forefront, but also hold them for a long time.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.