Microsoft breaks the $1 trillion market cap mark today

(April 25) After a jump in its stock price earlier today, Microsoft became the third US company to pass a market cap of $1 trillion. However, it may have happened only briefly as the stock price jumped after it showed strong earnings for the third fiscal quarter.

Amazon and Apple already have hit the one trillion evaluation

However, Microsoft broke the barrier before its rival Google.

Microsoft stock opened the day at $130 per share. This in itself was up about four percent from the $125 close yesterday. The stock hit the one trillion dollar mark during NASDAQ day trading. The stock could very well drop back or fluctuate during the day.

Microsoft world's most valuable company

The current valuation puts Microsoft in top spot over Apple as the world's most valuable company by market cap. This is the second time Microsoft has passed Apple to become the most valuable company.

A Verge article last year noted: "Microsoft has overtaken Apple in market cap value for the first time in eight years. Microsoft briefly reached a market cap value of $812.93 billion today, followed by Apple at a market cap of $812.60 billion. It made Microsoft the world’s most valuable company, even if it was only a temporary title. Microsoft and Apple are now trading back and forth for the title."

While investors may pay close attention to the valuation, Microsoft itself probably is busy with other concerns. Last year when Microsoft was briefly in the lead a GeekWire article quoted Chris Capossela, Microsoft's chief marketing officer as saying : “This is a metric that nobody on the senior leadership team is tracking. We really aren’t looking at, are we five today, are we four today. In the 45 seconds he spent addressing the company’s market capitalization, Capossela said “I’ve already spent way more time talking about this tonight than I’ve ever spent talking about it at the company.”

Reasons for Microsoft's stock rise

Microsoft have been successfully growing its cloud platform Azure, as reported in the appended video.

Microsoft is aiming to catch up to Amazon’s AWS dominance. Azure is currently second behind Amazon for cloud services, and even ahead of Google’s own offerings. All three parts of the company are doing well with each having about the same amount of revenue this quarter.

So far this year US and allies cause more Afghan civilian deaths than the Taliban

The most recent UN report on civilian deaths in Afghanistan during the US occupation indicates that so far this year the US and its allied forces have killed more civilians in the country than the Taliban has.

Less civilian deaths overall

The increase in the number of civilians killed by the US and allies is due to an increasing number of US and Afghan airstrikes. However, the total number is down because of a change in tactics by the Taliban. There has been a massive decrease in the number of suicide attacks by the Taliban which often killed civilians. However, the number of deaths from improvised explosive devices (IEDs) has increased.

Taliban gaining territory with less reliance on suicide terror attacks

The Taliban now are winning battles for territory on the ground. This means they need to rely less on terror-inducing suicide attacks. On the other side, the US and Afghan forces are becoming more desperate especially as their ground operations are not going well. As a result they are increasing the number of airstrikes to try and stem their losses. This results in more civilian casualties.

The numbers

The UN Assistance Mission in Afghanistan (UNAMA) released its first quarterly report to find that Afghan and US forces killed more civilians than the Taliban, the first time this has happened since the group began tracking civilian casualties a decade ago.

The US and Afghan forces were responsible for 53 percent of civilian deaths.

In the first quarter, between January 1 and March 31 this year UNAMA recorded 305 civilian deaths and 303 injuries that were attributed to pro-government forces. This is a 39 percent jump from the same period last year.

The report states: “Continuing trends observed in 2018, UNAMA documented increased harm to civilians from aerial and search operations, with the highest number of civilian casualties recorded from each of these tactic types in the first quarter of any year since UNAMA began systematic documentation the report states."

Effect of airstrikes

Pro-government forces carried out 43 air operations during the first quarter killing 145 and injuring 83 civilians the report claims. Half of the casualties in the attacks were women and children including a March 23 airstrike on Kunduz that killed 13 civilians, 10 of them children and 2 women.

Suicide attack deaths down but IED casualties up

While suicide bombings were down, the casualties from improvised explosive devices were up. The attacks spiked 21 percent with 53 deaths and 269 injuries.

The UNAMA report notes: “The overall reduction of civilian casualties was driven by a decrease in civilian casualties by suicide [IED] attacks. UNAMA notes the particularly harsh winter conditions during the first three months of the year, which may have contributed to this trend. It is unclear whether the decrease in civilian casualties was influenced by any measures taken by parties to the conflict to better protect civilians, or by the ongoing talks between parties to the conflict.”

The US has expressed regret for the increase in Afghan civilian deaths as reported in a recent Digital Journal article.

Previously published in the Digital Journal