Microsoft has crossed $4 trillion market valuation, turning into the second firm after Nvidia to hit the milestone. In accordance with a CNBC report, the 50-year-old software program large’s shares climbed greater than 5% on July 31 after it posted a better-than-expected earnings report, pushing its market cap previous the $4 trillion mark. Microsoft reported $76.4 billion in income, an 18% year-over-year enhance, and $27.2 billion in internet revenue, marking a 24% leap from the earlier yr. Microsoft’s cloud division emerged because the standout performer, with Azure income leaping 39% in comparison with analyst estimates of 34.75%. The corporate’s Azure cloud platform surpassed $75 billion in annual income for the primary time with 39% progress year-over-year.Through the earnings name, Microsoft CEO Satya Nadella tols anaylsts: “In our largest quarter of the yr, we considerably exceeded expectations.” “Cloud and AI is the driving power of enterprise transformation throughout each trade and sector. We’re innovating throughout the tech stack to assist clients adapt and develop on this new period,” he stated. He additional advised anaylsts that “we proceed to steer the AI infrastructure wave and gained market share each quarter this yr”.Earlier this month, the AI chip maker notched a market capitalization of $4 trillion. Nvidia’s dominance was underscored by its 7.3% weighting within the S&P 500, the biggest of any firm within the index. The surge in AI-driven demand has positioned Nvidia as a key participant, with its chips powering cutting-edge applied sciences throughout industries.With this, Nvidia and Microsoft have surpassed Apple to turn into a $4 trillion firm. The iPhone maker is third at about $3.2 trillion, with its inventory having fallen 17% this yr.