Microsoft Passes Exxon as 2nd Most Valuable Company

Looks like new CEO Satya Nadella's sweeping changes at Microsoft is paying dividends (literally). A drop in oil prices combined with a stock surge has pulled Microsoft ahead of ExxonMobil: $410 billion vs $404 billion. Everyone is still looking up at Apple in terms of company valuation, which is sitting over $668 billion. Pretty crazy.

"Microsoft has made a strategic change," said Daniel Ives, a tech analyst at FBR Capital Markets. He said Nadella still faces challenges with a company that's heavily reliant on the declining personal computer market. But compared with other longtime tech stalwarts, such as IBM, Hewlett-Packard and Oracle, "Microsoft has done the best job of trying to skate where the puck is going," Ives said.

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