logo
Microsoft hits $4 trillion market cap

Microsoft hits $4 trillion market cap

Express Tribune5 days ago
Microsoft's market value soared past $4 trillion in after-hours trading on July 30, joining Nvidia as only the second company to reach this milestone, following a robust quarterly earnings report.
The software giant's shares surged 8%, boosting its market capitalisation to approximately $4.1 trillion.
The company reported an 18% revenue increase for the fiscal fourth quarter, its strongest growth in over three years, driven by its Azure cloud computing division.
For the first time, Microsoft disclosed Azure's revenue in dollars, revealing that sales from Azure and other cloud services exceeded $75 billion in fiscal 2025, a 34% rise from the previous year.
Microsoft's performance outpaced Wall Street expectations, with fourth-quarter revenue reaching $76.4 billion against a forecast of $73.8 billion, and earnings per share hitting $3.65, surpassing the anticipated $3.37.
Chief executive Satya Nadella attributed the growth to the company's cloud and AI advancements, stating, 'Cloud and AI are driving transformation across every industry.'
The surge propelled Microsoft ahead of Apple, now valued at $3.2 trillion, which has seen its shares drop 17% in 2025 amid concerns over its AI strategy.
Nvidia, the first to hit $4 trillion earlier this month, remains the top performer among tech giants, with its shares up 33% this year, fuelled by demand for its AI-critical graphics processing units.
Read: https://tribune.com.pk/story/2555005/nvidia-becomes-first-company-to-hit-4-trillion-market-value
Microsoft's stock, already up 22% in 2025 compared to the S&P 500's 8% gain, closed at a record $513.71 on July 25 and climbed above $553 in extended trading.
The company plans to invest $30 billion in capital expenditure next quarter to bolster its AI infrastructure, outstripping analyst expectations.
Microsoft tops $4 trillion in market cap after hours, joining Nvidia in exclusive club https://t.co/1gfW0BGOC6 — CNBC (@CNBC) July 30, 2025
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wall Street springs higher after Friday's tumultuous selloff
Wall Street springs higher after Friday's tumultuous selloff

Business Recorder

time6 hours ago

  • Business Recorder

Wall Street springs higher after Friday's tumultuous selloff

Wall Street's main indexes rose on Monday, clawing back losses from the previous session's tumble as hopes for deeper Federal Reserve rate cuts surged in the wake of an unexpectedly weak jobs report. At 9:33 a.m. the Dow Jones Industrial Average rose 301.22 points, or 0.69%, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78%, to 6,286.21 and the Nasdaq Composite was up 205.12 points, or 0.99%, at 20,855.25. A dismal U.S. jobs report hammered the S&P 500 on Friday, sending the index to its steepest intraday drop in more than two months, while downward revisions for May and June also compounded the blow. The bleak data did not just trigger the market selloff but also forced a dramatic rethink of the Fed's rate trajectory. Traders, who had been leaning toward another pause in September, are now seeing an 85% chance of a rate cut, as signs of a weakening labor market pile up. By the end of the year, markets expect at least two quarter-point cuts - a prospect that ultimately helped steady Wall Street. The CBOE Volatility Index, Wall Street's so-called fear gauge, fell to 18.45 points, after surging to an over one-month high during Friday's rout. Wall St selloff sparked by Trump tariffs, Amazon results, weak payrolls Investors also weighed Fed Governor Adriana Kugler's unexpected resignation that could open the door for President Donald Trump to put his stamp on the central bank's leadership sooner than expected. Trump, a vocal critic of the Fed's policy, has repeatedly threatened to oust Chair Jerome Powell. 'If we get to a point where Jerome Powell was pushed out earlier than he's expected to go anywhere, that is going to unsettle markets, and that is possibly the pill that they won't swallow,' said Danni Hewson, head of financial analysis at AJ Bell. Meanwhile, Tesla rose 2.6% after granting CEO Elon Musk 96 million shares worth about $29 billion. All S&P 500 sub-sectors were trading in the green, with technology surging 1.1%, emerging as the top performer. Lyft gained 2.9% after partnering with China's Baidu to deploy robotaxis across Europe starting next year. U.S. factory orders data for June is due at 10:00 a.m. ET. Tuesday's business activity report and Thursday's jobless claims figures are the only other key economic indicators in this data-light week. After a big week for Big Tech earnings, companies from various sectors, including Palantir, Eli Lilly, and Disney, will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6% have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Among early movers, Joby Aviation rose 17.5% after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 25.4%. Spotify gained 7.6% as the music streaming platform announced plans to raise the monthly price of its premium individual subscription in select markets from September. Advancing issues outnumbered decliners by a 3.77-to-1 ratio on the NYSE and by a 3.02-to-1 ratio on the Nasdaq. The S&P 500 posted five new 52-week highs and no new lows, while the Nasdaq Composite recorded 29 new highs and 26 new lows.

US stocks pop after gloomy finish last week
US stocks pop after gloomy finish last week

Business Recorder

time7 hours ago

  • Business Recorder

US stocks pop after gloomy finish last week

NEW YORK: Wall Street stocks bounced Monday after a steep sell-off last week, as optimism for an earlier central bank interest rate cut prevailed while investors digested a government report indicating weakness in the jobs market. About 15 minutes into trading, the Dow Jones Industrial Average rose 0.7 percent to 43,906.26 while the broad-based S&P 500 Index surged 1.0 percent to 6,297.56. The tech-focused Nasdaq Composite Index jumped 1.3 percent to 20,924.29. 'We're getting a pop after a drop,' said Sam Stovall of CFRA Research. But he warned that 'there's still an awful lot of uncertainty out there regarding tariffs, regarding employment and whether it's implying recession.' Wall Street Week Ahead: AI gains and strong earnings support Wall Street as tariff woes linger It appears increasingly possible that the Federal Reserve cuts interest rates to boost the economy when the rate-setting committee is next due to meet in September, he said. But 'we have to see additional data to decide whether an intra-meeting decline is warranted,' Stovall added. The Fed has held off rate cuts for all of this year as officials monitor the effects of President Donald Trump's tariffs on consumer prices. 'There is a buy-the-dip effort underway to begin the week,' said Patrick O'Hare of in a note, of Monday's market movements. Looking ahead, markets are bracing for higher tariffs on dozens of economies to take effect Thursday.

Toyota Fortuner & Revo GR-S: built for adventure, tuned for performance
Toyota Fortuner & Revo GR-S: built for adventure, tuned for performance

Business Recorder

time8 hours ago

  • Business Recorder

Toyota Fortuner & Revo GR-S: built for adventure, tuned for performance

In Pakistan's sport utility vehicles (SUV) and pickups market, Toyota's Fortuner GR-S and Revo GR-S stand out as purpose-built vehicles engineered for those who demand performance, utility, and off-road readiness — without compromising on comfort or technology. While SUVs have gained traction among city users, few locally assembled vehicles offer the level of rugged off-road capability that Fortuner GR-S brings to the table. Built on Toyota's IMV platform, it shares a durable body-on-frame construction ideal for Pakistan's diverse driving conditions — from urban streets to mountain trails. Top 5 automobile assemblers at Pakistan Stock Exchange as of July 2025 Assembled by Toyota Pakistan, both the Fortuner GR-S and Revo GR-S now come equipped with a Panoramic View Monitor (PVM) — offering drivers a 360-degree view of their surroundings for enhanced maneuverability in tight urban settings and challenging off-road trails. Additionally, the Fortuner GR-S features Blind Spot Monitor (BSM) and Rear Cross Traffic Alert (RCTA), reinforcing its credentials as one of the premium SUVs built for both adventure and everyday safety. On the connectivity and convenience front, all Revo variants now come with an upgraded 9' high-definition infotainment display, while both Fortuner and Revo variants benefit from significant system enhancements including wireless Apple CarPlay & Android Auto, NFC pairing, a 3.0A fast-charging USB port, and a faster 3-core processor. These updates bring the cabin experience up to speed with modern tech expectations, ensuring passengers stay connected on the go. Performance roots – GR-S heritage Both models are specially tuned by Toyota Gazoo Racing (GR), the brand's motorsport division. The GR-S variants feature monotube shock absorbers, refined GR-tuned suspension, and sporty steering calibration — all designed to enhance high-speed stability, off-road grip, and body control. According to auto sector analyst Usman Ansari, Fortuner and Revo GR-S have a distinct edge in the market, thanks to Toyota's localised assembly, after-sales support, and genuine part availability — unlike imported SUVs and pickups that often lack dealership service and long-term warranty backing. Inside the cabin, the GR-S signature interior includes bucket-style seats, GR embroidery, contrast stitching, and GR branding across the vehicle — giving both vehicles a sporty, premium appeal. For off-road enthusiasts, Fortuner GR-S and Revo GR-S features include a 4x4 system, Rear Differential Lock, Low Range (L4) mode, Hill Start Assist Control, Downhill Assist Control, Limited Slip Differential, and Active Traction Control — making it not just a city vehicle but a complete go-anywhere machine. Here's how to apply for new Ajrak design number plates online While the Fortuner shares its platform with the Hilux Revo, it is purpose-built as a seven-seat premium SUV, ideal for families or group travelers looking to explore Pakistan's outdoors in comfort and confidence. Revo GR-S, meanwhile, is more than just a commercial pickup — it is a performance lifestyle truck designed for thrill-seekers, adventurers, and bold personalities. One of Toyota's long-standing unique selling propositions (USPs) in Pakistan remains its exceptional resale value. Ansari noted that the diesel Fortuner launched in 2018 at Rs6.4 million has more than doubled in value in the used market — a trend the newer and more refined GR-S models are likely to continue.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store