NVIDIA became the first company to hit the market value (and early this month) killing $ 4 trillion, and now Microsoft is joining the AI chip maker at the special $ 4 trillion club.
Microsoft reported Better than better expectation On Wednesday, revenue, which causes the shares to jump 8 %, and increase the company’s market capitalization to about $ 4.1 trillion. By the time of writing, Microsoft maintained growth with market price 3 4.03 trillionThursday morning with about 5 % shares.
Related: Microsoft Executive says the use of AI has saved 500 million millions of production costs, as the company gets rid of mass
Microsoft and fellow AI giant Meta added a Shared 440 billion dollars At the end of Wednesday, at market price, with Meta’s income driving 9 % increase After hours of trade in its market capitalization. The two companies overturned the expectations of analysts with strong financial results on Wednesday, which revealed that Big Tech’s AI investment was being paid.
Microsoft’s Chief Financial Officer Amy Hood Told investors In an income call on Wednesday that the company intended to spend Record 30 billion dollars For the current quarter, AI expenses such as data centers, more than .2 24.23 billion Analysts expected.
Microsoft’s rally was due to its latest strength The earnings report For the quarter ended June 30, which Tech Dev revealed Wednesday After the bell. In this report, Microsoft revealed the quarter of quarterly $ 76.4 billion, which is 18 % higher than the same period last year, which has increased the company’s income in three years.
Related: Microsoft’s CEO says the company’s mass holidays despite financial success, are ‘weighing a lot on me’ in an internal memo
Satya Nadella, CEO of Microsoft. Photo by Stephen Brosheer/Getty Images
Analysts were expecting .6 74.62 billion In azure revenue, the Microsoft report exceeds expectations.
The development was a large -scale driven Azure of Microsoft Cloud Computing Division, which provides computing power and storage for AI. Microsoft CEO Satya Nadella for the first time revealed Ezor’s revenue in the report, noting that Ezor “crossed $ 75 billion revenue, which is 34 percent higher, which is driven by development in all workloads.”
“Cloud and AI are the stimulus of business change in every industry and sector, Nadila said in the report.
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