00:00 It's Benzinga and here's what's on the block. Microsoft has become the second company ever
00:04 to achieve a $3 trillion market valuation, reaching the milestone on January 26. It
00:09 closed at $3.1 trillion or $404 a share, making it the second company after Apple to reach $3 trillion.
00:14 Much of Microsoft's recent stock dive has come from AI announcements and new product news
00:18 bolstering the share price weekly. This milestone occurred on the same day Microsoft laid off 1,900
00:23 workers from its gaming divisions, including Activision Blizzard teams. The layoffs were
00:27 described as part of the strategy to support Microsoft's growing business with a sustainable
00:31 cost structure. For all things money, visit Benzinga.com.
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