Microsoft Corp. has reached a historic market valuation of $3 trillion, becoming one of the world's most valuable companies.

This success is largely due to the company's focus on artificial intelligence (AI) and its partnerships with OpenAI Inc.

Microsoft's AI initiatives, such as Copilot, and the integration of AI tools into their products, have driven strong financial performance and record revenues.

The company projects a 15% revenue growth in 2024, with its stock performing well due to investor excitement around its AI initiatives.

Microsoft's success in the AI market and the rollout of new software products have contributed to its market value surpassing $3 trillion.

Despite slower iPhone demand in China, Apple is attempting to boost sales through discounts.

CEO Satya Nadella's leadership has been instrumental in Microsoft's growth, with strategic acquisitions and investments in AI firms positioning it as a leader in the field.

Regulators are investigating whether Microsoft and OpenAI's partnership should be regulated as a de facto merger.

Microsoft's Q2 fiscal 2024 earnings report, scheduled for next week, is expected to reveal more about the company's AI initiatives and their impact on revenue.