Microsoft Corp. ($MSFT) reached a new all-time high share price of $470.61 on June 6, 2025, marking a market capitalization exceeding $3.5 trillion, making it the largest publicly traded company globally by market value. This milestone places Microsoft ahead of Nvidia ($NVDA) in market capitalization. Other major technology companies such as Meta ($META), Nvidia, Amazon ($AMZN), Alphabet ($GOOGL), Apple ($AAPL), and Tesla ($TSLA) remain below their all-time highs by varying margins, with Meta 6% away and Tesla 63% away from their peaks. Separately, production shifts have been reported in Microsoft's hardware supply chain: Hon Hai Precision Industry (also known as Foxconn) has begun phasing out production of Microsoft's GB200 full-rack systems. This change follows Microsoft's December 2024 contract with Quanta Computer, which will assume production of these full-rack systems starting in the second half of 2025. Hon Hai will transition to manufacturing Compute Tray (L6) units for Quanta. Similar shifts in production orders have been noted for Oracle's GB200 systems, indicating broader supply chain adjustments among major technology hardware providers.