Microsoft shares jumped in extended trading on Wednesday, pushing the company’s market cap past $4 trillion. The software giant reported better-than-expected quarterly results and said Azure’s annual revenue topped $75 billion. Nvidia became the first company to reach the $4 trillion mark earlier this month. Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. Jason Redmond | AFP | Getty Images
The $4 trillion club has a second member, at least based on after-hours trading.
Following a better-than-expected earnings report on Wednesday, Microsoft shares jumped 8%, lifting the software giant’s market cap to about $4.1 trillion. Should the rally stick on Thursday, Microsoft would join chipmaker Nvidia, which hit $4 trillion for the first time earlier this month.
Microsoft reported 18% revenue growth, its fastest rate of expansion in over three years, driven by its Azure cloud computing business. Microsoft disclosed Azure revenue in dollars for the first time, and said sales from Azure and other cloud services exceeded $75