US EditionMicrosoft poised for $4 trillion valuation after solid results
UNITED STATES, JUL 30 – Microsoft’s Azure unit sales rose 39%, exceeding analyst forecasts, as the company leads in cloud growth and AI, with 65 of 72 analysts rating its stock a buy, Bloomberg data shows.
- Microsoft is set to surpass a $4 trillion market valuation on Thursday following quarterly earnings that exceeded Wall Street expectations.
- The strong earnings stem from robust growth in Microsoft's Azure cloud unit and an expanding investment in artificial intelligence products.
- Shares jumped as much as 9% in late trading, lifting the stock above $560 and valuing Microsoft at about $4.14 trillion premarket.
- Kim Forrest of Bokeh Capital Partners emphasized Microsoft’s central role in business operations, citing widespread reliance on its software tools like Word, Outlook, and Excel.
- This milestone would make Microsoft the second company after Nvidia to reach $4 trillion, indicating sustained investor confidence amidst AI-driven growth.
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16 Articles
16 Articles
Microsoft poised for $4 trillion valuation after solid results
Microsoft is set to soar past $4 trillion in market valuation for the first time on Thursday, as a blockbuster earnings report helps the tech behemoth become the second company after Nvidia to surpass the milestone.
·United Kingdom
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Coverage Details
Total News Sources16
Leaning Left4Leaning Right1Center4Last UpdatedBias Distribution44% Left, 44% Center
Bias Distribution
- 44% of the sources lean Left, 44% of the sources are Center
44% Center
L 44%
C 44%
11%
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