Microsoft becomes $4 trillion company; officially joins Jensen Huang-led Nvidia to hit milestone

Microsoft has crossed $4 trillion market valuation, becoming the second company after Nvidia to hit the milestone. According to a CNBC report, the 50-year-old software giant’s shares climbed more than 5% on July 31 after it posted a better-than-expected earnings report, pushing its market cap past the $4 trillion mark. Microsoft reported $76.4 billion in revenue, an 18% year-over-year increase, and $27.2 billion in net income, marking a 24% jump from the previous year. Microsoft’s cloud division emerged as the standout performer, with Azure revenue jumping 39% compared to analyst estimates of 34.75%. The company’s Azure cloud platform surpassed $75 billion in annual revenue for the first time with 39% growth year-over-year.