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Microsoft Corp. (NYSE:MSFT) achieved a $3 trillion market valuation on Jan. 24, 2023, fueled by the burgeoning optimism in artificial intelligence (AI), marking a significant milestone in its journey.
On Wednesday, Microsoft’s shares soared by 1.4% to $404, briefly propelling the company beyond the coveted $3 trillion mark and placing it in close competition with Apple Inc. (NASDAQ:AAPL) for the title of the world’s most valuable company.
Microsoft is a core holding in 513 ETFs, with U.S.-based ETFs owning 13% of Microsoft’s outstanding shares.
Microsoft holds a staggering 22% weight in the Technology Select Sector SPDR Fund (NYSE:XLK).
The tech giant has a substantial 21% stake in the Fidelity MSCI Information Technology Index ETF (NYSE:FTEC) and a 20% weight in the iShares Global Tech ETF (NYSE:IXN).
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