Microsoft To Become The Next $4 Trillion Company

Microsoft (MSFT.O), opens new tab soared past $4 trillion in market valuation on Thursday, becoming the second publicly traded company after Nvidia (NVDA.O), opens new tab to surpass the milestone following a blockbuster earnings report.

The technology behemoth forecast a record $30 billion in capital spending for the first quarter of the current fiscal year to meet soaring AI demand and reported booming sales in its Azure cloud computing business on Wednesday.

Washington-headquartered Microsoft first cracked the $1-trillion mark in April 2019. Its move to $3 trillion was more measured than technology giants Nvidia (NVDA.O), opens new tab and Apple (AAPL.O), opens new tab, with AI-bellwether Nvidia tripling its value in just about a year and clinching the $4-trillion milestone before any other company.

Microsoft’s multibillion-dollar bet on OpenAI is proving to be a game changer, powering its Office Suite and Azure offerings with cutting-edge AI and fueling the stock to more than double its value since ChatGPT’s late-2022 debut.