Stock Market News: Microsoft has done something no listed company has ever achieved.<\/p>\n
The tech giant added nearly $450 billion (around Rs 39 lakh crore) to its market value in a single trading session, the biggest one-day increase in stock market history. The rally also pushed Microsoft past Nvidia to become the world’s most valuable publicly traded company once again.<\/p>\n
The surge came after the company delivered a blockbuster earnings report that reassured investors one key thing — its massive spending on artificial intelligence<\/a> is paying off.<\/p>\n A Record-Breaking Day On Wall Street<\/p>\n Microsoft shares jumped around 9 per cent after its quarterly results, lifting the company’s market capitalisation by about $450 billion in a single day.<\/p>\n To put that number into perspective, the value Microsoft created in just one trading session is larger than the entire stock markets of countries such as South Africa, Vietnam and Turkey..<\/p>\n The rally also helped Microsoft reclaim the title of the world’s most valuable listed company, overtaking AI chipmaker Nvidia.<\/p>\n Azure Steals The Show<\/p>\n The biggest reason behind the rally was Microsoft’s cloud business.<\/p>\n Azure, Microsoft’s cloud computing platform, reported stronger-than-expected growth<\/a> as companies continued spending heavily on AI infrastructure and services. Investors had been watching closely to see whether Microsoft’s billions of dollars in AI investments would translate into higher revenue.<\/p>\n The answer, at least this quarter, was a clear yes.<\/p>\n The company also projected robust growth for the current quarter, signalling that demand for AI-powered cloud services remains strong.<\/p>\n AI Spending Finally Showing Results<\/p>\n Over the past year, investors have questioned whether Big Tech companies were spending too much on AI.<\/p>\n