Microsoft stock prices surges past $100 for the first time in history

What some may see as Nadella righting the Microsoft ship and others a betrayal of the consumer market, the company's fervour in pursuing a rejuvenated leadership position in catering to growing enterprise needs has certainly yielded significant financial benefits for the company.

The success of its Azure cloud computing service - perhaps at the cost of some of its consumer-focused products - has led to a historic high for the company this week, pushing its share price above the $100 mark for the first time in its 43-year history. This surge in its stock over the last few weeks was also responsible for the Microsoft superseding Google parent company Alphabet in terms of market valuation for the first time in 3 years to become the third most valuable company in the world.

As Microsoft leaves behind the mobile-first world and sets its eyes on coming up with the next big thing to retake the consumer space - be it mixed reality or flexible form factor devices - while shoring up its strengths in cloud computing, the Redmond giant is poised to remain a major player in the tech world for years to come. Apple and Amazon may be leading the pack in the trillion dollar race, but if some of Nadella's big bets pay off, Microsoft could once again return to the top of the tech food chain.

Via: MSPoweruser

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