Microsoft Achieves $4 Trillion Market Cap Following Strong Earnings Driven by AI and Cloud Growth
Microsoft has reported a remarkable quarterly performance, with profits soaring nearly 25% driven by a significant boom in cloud computing. The company’s Azure cloud sales reached an impressive $75 billion annually, contributing to an overall revenue increase of 18%. Following these results, Microsoft’s stock surged, pushing its market capitalization to over $4 trillion, joining Nvidia in an exclusive club. CEO Satya Nadella emphasized that cloud and AI are central to business transformation across industries. The strong earnings report has led to bullish expectations among investors, and Microsoft plans substantial investments in AI, committing $30 billion in capital spending to meet burgeoning demand. Analysts view this quarter as a pivotal moment for Microsoft, reinforcing its position as a leader in AI infrastructure and cloud services.
CNBC, Reuters, MarketWatch, Financial Times, "Barrons", The Verge, Bloomberg, The New York Times, The Guardian, Microsoft