According to FactSet, a financial information provider, if Microsoft's stock price remains at $104.13 or more, Microsoft's market value will reach $800 billion, a milestone the company has never achieved before.
As of Thursday's close, Microsoft shares closed at $104.19.
Figure 2: Microsoft shares closed at $104.19
Currently, only three companies have a market capitalization that exceeds Microsoft. They are Apple, Amazon, and Google's parent company Alphabet. Amazon's share price also hit a record high in early trading on Thursday. The closing price of Alphabet is expected to hit a new high.
Microsoft's share price has increased by 21.3% so far this year. The Standard & Poor's 500 Index rose by 3.8% over the same period.