Microsoft (NASDAQ:MSFT) set a new milestone when its market capitalization reached $3.5T during trading on Friday, as the tech titan holds a slight lead over fellow Magnificent Seven member Nvidia (NASDAQ:NVDA).
Shares of Microsoft (NASDAQ:MSFT) set a record high of $467.68 after increasing 0.8% by the time markets closed on Thursday. It was the first new all-time high recorded by the software giant since July 2024. Shares were up 0.6% by Friday afternoon trading, pushing its market cap to $3.5T.
Meanwhile, Nvidia was up 1.3% by early afternoon trading with a market cap of $3.47T.
Apple (NASDAQ:AAPL), the only other current member of the $3T-plus club, had edged up 1%, to give the iPhone maker a market cap of $3.02T.
Year-to-date, Microsoft has climbed 11% versus the Nasdaq (COMP:IND), which is up less than 1% in that time frame. The iShares Expanded Tech-Software Sector ETF (BATS:IGV) has increased 5.5% in 2025.
On Friday, Bernstein Société Générale Group increased its price target on Microsoft to $540 from $520, while maintaining its Outperform rating. The financial services firm highlighted Microsoft’s growth potential with Azure and its partnership with OpenAI.
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