Microsoft Reaches $4 Trillion Market Valuation, Second After Nvidia
By
Tom Warren
A good honest bake. Not flashy, but you'll finish the whole bagel.
Summary
Microsoft has achieved a $4 trillion market valuation, becoming the second company to reach this milestone after Nvidia. This growth is attributed to better-than-expected earnings and the first-time disclosure of Azure revenue.
Key quotes
· 3 pulledMicrosoft’s stock price has risen so much today that it has passed a $4 trillion market valuation for the first time in its 50-year history.
The software maker is the second company to be valued at $4 trillion, after Nvidia reached a market cap of over $4 trillion earlier this month.
Microsoft has reached this milestone thanks to better-than-expected earnings, and the company reporting its Azure revenue for the first time.
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