From layoff to liftoff, Microsoft races to $4 trillion mark; set to hit Nvidia’s market cap milestone

The tech giant Microsoft is set to join the $4 trillion club in an extended trading session after Wednesday. With profits beating expectations, Microsoft shares climbed 8% and are set to join chipmaker Nvidia, which hit the milestone earlier this month.

This marks Microsoft’s fastest rate of expansion in over three years. The Azure cloud computing business drives the 18% revenue growth. For the first time, the sales from Microsoft Azure and other cloud services exceeded $75 billion in FY25, a 34% increase from prior years.