Microsoft has passed Google (Alphabet) in market valuation for the first time in three years, reports CNBC. Microsoft is now valued at $753 billion, while Alphabet (Google’s parent company) is valued at $739 billion. It makes Microsoft the third most valuable company in the world, behind Apple and Amazon. This will likely only be temporary, though. Google originally passed Microsoft back in 2012, and the pair have traded positions a number of times in recent years. Still, it shows how much Microsoft has improved its stock price over the past five years since former CEO Steve Ballmer announced his plans to retire as Microsoft CEO.

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