Microsoft hits $4 trillion market cap, ranks second after Nvidia

Surge driven by strong quarterly performance

Microsoft’s strong showing was driven by a surge in its share price following robust quarterly results, with accelerated growth reported in the financial quarter ending in June.

AI and Cloud services boost stock value

The company’s stock rose by as much as five percent at the start of trading in the United States, propelled by significant gains in artificial intelligence and cloud computing services.

Revenue and profit hit record highs

In the most recent quarter, Microsoft’s revenue increased by 18 percent, exceeding US$76 billion, while net profit rose by 25 percent to reach US$27 billion.