Microsoft stock price crosses $100 mark

Microsoft’s stock price has been on an upward trend for quite some time, but the company passed an important milestone today: the $100 mark. At the time of this writing, Microsoft stock is trading at just over $100, the first time it has crossed that threshold (via MSPU) since suffering a series of stock splits in the US. 1990s.

The news comes days after Microsoft swapped positions with Alphabet to become the world’s third most valuable company by market capitalization. As they have done in the past, the two companies have swapped places again, and they will likely continue to do so in the future.

Despite its high-profile struggles with Windows Phone, Microsoft has been on an upward trajectory since CEO Satya Nadella officially took office in 2014. As CNBC noted earlier this week, Microsoft has seen 40% growth over the past of the last 12 months. This is largely due to the company’s continued growth in its cloud and business services. This is especially true in the enterprise sector, which has become an increasingly important part of Microsoft’s business.

In addition to its cloud business, Microsoft is now focusing its efforts on the burgeoning fields of AI, quantum computing, and mixed reality. The company recently carried out a major reorganization of its internal teams as a result, the effects of which are still being felt.

There is still plenty of time left in the trading day here in the US, so the stock price could very well drop back below $100. Still, this represents a major step for the company as it continues to compete with Google, Amazon, and Apple.

Hope you bought Microsoft stock when it was cheap!

Updated June 1, 2018: Updated to clarify that Microsoft shares were indeed trading above the $100 mark before accounting for stock splits in the 90s.