Microsoft gains half a trillion dollars daily
The tech giant Microsoft achieved its largest single-day increase in market value in its history, rising by approximately $490 billion after its stock surged 17% due to strong financial results. This boost came after revenue from its cloud computing unit, Azure, exceeded market expectations, growing by 43% in the fourth fiscal quarter, the highest rate since early 2022. The company also confirmed that it is not changing its capital expenditure plans for 2026, which further boosted investor confidence in its AI strategies and cloud infrastructure. The increase in Microsoft's market value in one day represented more than 96% of the companies in the S&P 500 index, outperforming the market capitalization of more than 44 small and large companies.
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