Microsoft Chairman and CEO Satya Nadella speaks in entrance of the OpenAI brand on the Microsoft Construct convention in Seattle, Washington, on Might 19, 2025.
Jason Redmond | AFP | Getty Pictures
The $4 trillion membership has a second member, at the very least based mostly on after-hours buying and selling.
Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software program big’s market cap to about $4.1 trillion. Ought to the rally stick on Thursday, Microsoft would be a part of chipmaker Nvidia, which hit $4 trillion for the primary time earlier this month.
Microsoft reported 18% income development, its quickest fee of enlargement in over three years, pushed by its Azure cloud computing enterprise. Microsoft disclosed Azure income in {dollars} for the primary time, and stated gross sales from Azure and different cloud companies exceeded $75 billion in fiscal 2025, up 34% from the prior yr.
As of the shut on Wednesday, Microsoft shares have been up 22% for the yr, topping the S&P 500’s 8% achieve. Microsoft hit a document shut of $513.71 on July 25. The inventory is above $553 in prolonged buying and selling.
Nvidia and Microsoft, two of the most important beneficiaries of the substitute intelligence growth, have zoomed previous Apple available on the market cap leaderboard. Apple is third at about $3.2 trillion, with its inventory having fallen 17% this yr as investors worry that the iPhone maker is getting left behind in AI. Apple reviews quarterly outcomes after the bell on Thursday.
Amongst tech’s megacaps, Nvidia has been the most effective performer in 2025, up 33%. The chipmaker’s graphics processing items (GPUs) are the spine of the massive language fashions being developed by Microsoft, OpenAI, Google, Meta and others, they usually’re filling up information facilities being constructed by those self same firms.
Nvidia is scheduled to report leads to late August.
