Microsoft's stock hits fresh record, rallying despite drop in broader market

Microsoft Chairman and Chief Executive Officer Satya Nadella speaks during the Microsoft Build 2025, conference in Seattle, Washington, on May 19, 2025. On a down day for the market, Microsoft reached a record high for the first time in 11 months. Shares of the software giant rose 0.8% to close at $467.68. Microsoft has once again reclaimed the title of world's largest company by market cap, with a valuation of $3.48 trillion. Nvidia has a market cap of $3.42 trillion, and Apple is valued at $3 trillion. Microsoft last recorded a record close in July 2024. The stock is now up 11% for the year, while the Nasdaq is flat. Tech stocks broadly dropped on Thursday, led by a plunge in Tesla , as CEO Elon Musk and President Donald Trump escalated their public beef. Musk, who was leading the Trump Administration's Department of Government Efficiency (DOGE) until last week, has slammed the Trump-backed spending bill making its way through Congress, a spat that has turned personal. But Micro ... Read full article.