It took Microsoft an additional $40 Billion in revenue capture to re-earn its 2021 COVID valuation. The takeaways are representative of the larger tech industry, how companies were valued in '21 /are valued today -->
MSFT 2023 Revenue: $210 Billion (+13% avg growth Y/Y; +$40B in revenue!) MSFT 2023 Market Cap (Oct '23): $2.4 Trillion (Flat Y/2Y)
(Market caps are moment-in-time metrics and fluctuate; the market no longer rewards via multiples on revenue growth in 2023 vs profit & margins; fun data read)