Microsoft becomes third company to reach $1 trillion market cap

Microsoft is now part of an exclusive club: $1 trillion dollar companies.

On Thursday, the company's stock price opened at $130 per share, bringing its total market cap (the price of all of its shares combined) to over $1 trillion. It's the third company to achieve this somewhat mind-bending milestone, following Apple, which hit the mark in August 2018, and Amazon, which earned that valuation in September 2018.

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The bump in value comes thanks to an impressive earnings report the company posted Wednesday. All three of Microsoft's divisions — hardware, software, and cloud and enterprise services — are pulling their weight. Microsoft's revenue for the quarter increased 14 percent over last year, for a total quarterly revenue of $30.6 billion.

Stock prices fluctuate often — Apple and Amazon have both since lost their T prize, and Microsoft's value was already just under $1 trillion as of 10:30 a.m. ET. The trillion dollar valuation is more of a milestone of flabbergasting confidence in these giant tech companies.

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