Microsoft just crossed $4 trillion in market value, becoming the second public company ever to reach that level after Nvidia .
The milestone came after a strong quarterly report for the fiscal period ending June: revenue rose 18% to $76.4 billion and net income climbed roughly 24%, driven in large part by the cloud division’s performance.
For the first time, Microsoft disclosed that its Azure cloud business generated over $75 billion in revenue for fiscal year 2025, reflecting year‑on‑year growth of about 34‑39%.
The Intelligent Cloud unit, which includes Azure, posted results above analysts’ targets as well .
Investors responded positively: shares rose by 4.5–5% in extended trading, lifting Microsoft into the elite valuation club alongside Nvidia, which had hit the $4 trillion threshold earlier in July 2025.
Reuters noted that this gain helped push U.S. indexes like the S&P 500 and Nasdaq to record highs as confidence in AI-driven growth soared among major tech firms.
Microsoft’s earnings report also included plans to spend a record $30 billion on capital projects in the upcoming quarter, aimed at supporting the surging demand for AI infrastructure in both Azure and Microsoft’s Copilot suite.
AI tools such as Microsoft 365 Copilot and investments in OpenAI integration continue to boost sales across the Productivity and Business Process segment, helping broaden the company’s user base and revenue per user.
This rise to $4 trillion marks a clear turning point. After first reaching $1 trillion in 2019, Microsoft’s ascent feels faster as it joins Nvidia in marking the AI‑era’s financial peak.
Its growth story now rests firmly on the expansion of cloud and AI offerings as both enterprise tools and infrastructure services.