Microsoft hit $4 trillion (roughly Rs. 3,49,15,020 crore) in stock market value on Thursday, becoming the second publicly traded company after Nvidia to surpass that milestone following a blockbuster earnings report that showed its massive bets on AI are paying off.
Strong results from Microsoft and Meta Platforms late on Thursday also fueled gains in Amazon and sent chipmaker Nvidia to a record high, with the four heavyweight AI players gaining over half a trillion dollars in market value.
Wall Street’s heavyweight players leading in AI – Nvidia, Microsoft, Amazon, Alphabet and Meta Platforms – now account for a quarter of the S&P 500, according to LSEG data.
Microsoft forecast a record $30 billion in capital spending for the first quarter of the current fiscal year to meet soaring AI demand. It reported booming sales in its Azure cloud computing business and said its Copilot AI tools had surpassed 100 million monthly active users.
Microsoft’s…
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