Microsoft has reached a $4 trillion market value, joining Nvidia in this exclusive club, driven by strong earnings and increased demand for its cloud and AI services. The tech giant's shares surged, with an 18% revenue increase in the fiscal fourth quarter, marking its fastest growth in over three years. Azure cloud computing revenue exceeded $75 billion, a 34% increase, with Microsoft's AI Copilot tools surpassing 100 million monthly active users.
Meta Platforms also saw a significant rise, with shares climbing 12% after blockbuster earnings. The company's second-quarter earnings per share reached $7.14, with revenue surging 22% year-over-year to $47.52 billion. Ad revenue also saw a 21% increase. CEO Mark Zuckerberg highlighted the impact of AI in driving efficiency and gains across Meta's advertising system.
Microsoft plans to invest over $30 billion in capital expenditure to bolster its AI infrastructure. CEO Satya Nadella noted that cloud and AI are driving transformation across industries, with Microsoft leading the AI infrastructure wave.
