Microsoft shares have grown almost continuously since June 4 this year and today have reached $ 265.5 per share. During the day, growth was 1.1%, but this was enough for Microsoft’s capitalization to exceed the $ 2 billion mark. Thus, the Redmond giant is now worth almost as much as Nvidia, Samsung, Visa and Tesla combined.
Tech stocks rallied today as Federal Reserve Chairman Jerome Powell said inflationary pressures would be temporary, even after rising markedly in recent months. Powell, in particular, said he has “a certain degree of confidence” that prices will eventually decline, while noting that it is “very, very unlikely” to see 1970s-style inflation.
Speaking to a House subcommittee on Tuesday, he called inflation of 5% unacceptable. Shares of tech and retail companies rose on the back of these announcements. The dollar fell, while Bitcoin, on the contrary, rose slightly: if in the daytime the value of BTC went below the $ 30,000 mark, then at the moment almost $ 33,000 is given for 1 BTC.
As for Microsoft, in the short term, the company’s shares may add even more if analysts assess Windows 11 positively, which will premiere on June 24.
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