Microsoft on Thursday became the second company in history to surpass a market valuation of $4 trillion, a milestone reached after reporting stronger-than-expected second-quarter earnings.
Shares of Microsoft climbed in early trading following the earnings release, extending the company’s lead in cloud computing and enterprise software. The results underscored the company’s expanding reach across its key divisions.
Microsoft hit the milestone Thursday morning following its strong Q4 earnings report, in which it also said its Azure business brought in $75 billion over the prior year. The company’s stock price has climbed more than 110% since the debut of OpenAI’s ChatGPT in November 2022.