CNN BUSINESS | Microsoft has become the next $4 trillion company

Microsoft became the second company to reach a $4 trillion market valuation on Thursday, after its blockbuster earnings report on Wednesday night boosted the tech giant’s shares.

Microsoft’s shares (MSFT) jumped nearly 4.5% after the market opened on Thursday, pushing its intraday valuation to $4.01 trillion. The company’s shares have risen roughly 28% since the start of this year.

The milestone comes just a year and a half after Microsoft reached a $3 trillion valuation. The company first cracked the $1 trillion mark in April 2019. It follows Nvidia into the $4 trillion valuation club, which hit the mark earlier this month.  –read more–