The US inventory market has misplaced trillions in worth because the begin of the 12 months following the outbreak of the COVID-19 virus which has now swept around the globe.
Microsoft has weathered the onslaught higher than most, being solely round 14% down because the begin of the 12 months (present market cap $1.03 trillion), reviews Bloomberg and is at present the one publicly-traded firm valued at greater than trillion {dollars} on the US inventory market. This contrasts with Apple (present market cap $981.7 billion), which is down greater than 25% YTD, and who exited the trillion-dollar membership on Monday.
Bloomberg doesn’t speculate for the explanations for the distinction however in these troubled instances, the distinction between the significance of a productiveness versus luxurious items firm is clear.
Microsoft has been one of many first corporations in Seattle to ask their staff to make money working from home, and to this point has been one of many least impacted by sickness, and has even been capable of keep the productiveness of their staff. The firm has additionally been capable of present the instruments corresponding to Microsoft Teams that different corporations have turned to to maintain their infrastructure working.
The firm has nonetheless additionally made time to contribute to the struggle straight, from donating re
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