Microsoft has been a central player in computing for fifty years, evolving into a technological pillar often overlooked as society adopted the internet.

As the organization, established to make computers accessible in every household and workplace, commemorates its 50th anniversary, it aims to enhance its success by spearheading advancements in the rapidly evolving domain of artificial intelligence (AI).

"From a storytelling standpoint, they've been a boring company and a boring stock," eMarketer analyst Jeremy Goldman said of the Richmond, Washington-based behemoth.

"It's funny because they have a $2.9 trillion market cap, and that is huge," he continued, referring to Microsoft's value based on its share price.

The only company with a higher market cap is iPhone maker Apple.

Cloud computing is fuelling Microsoft's revenue with the help of its ubiquitous Office software, now hosted online and no longer released in boxes of floppy disks or CDs.

"It's not a very great infrastructure, but it's a very valuable one," Goldman said of Microsoft's data centers and software at the foundation of its cloud-computing platform.

Clouds were the stuff of weather forecasts rather than computing when Bill Gates and childhood friend Paul Allen founded what was first called "Micro-Soft" in 1975.

Microsoft Office programs, including Word, Excel and PowerPoint, became standard business tools, even fending off free Google Docs software.

"Microsoft had a lot of weaker businesses that challenged the perfect example is Office," Goldman says.

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"That Office is still such a meaningful business for them, says something about the way they were able to innovate," adds Goldman.