Microsoft sets record with $450B one-day market value surge
Microsoft's shares surged 16% on Thursday, adding $450 billion to the software giant's market capitalization, marking the largest one-day increase ever recorded for a publicly traded company. The gain surpassed Nvidia's previous record of $440 billion. The milestone comes a day after Microsoft announced quarterly earnings that beat Wall Street estimates, with revenue in its Azure cloud division soaring 43%. The $450 billion gain alone exceeds the market value of about 96% of companies in the S&P 500, according to data compiled by Bloomberg. Microsoft is LinkedIn's parent company.
Microsoft’s shares surged 16% on Thursday, adding $450 billion to the software giant’s market capitalization. The jump marked the largest one-day increase ever recorded for a publicly traded company.
The gain surpassed Nvidia’s previous record of $440 billion. Microsoft’s performance set a new benchmark for single-day market value growth.
The milestone came a day after the company reported quarterly earnings that exceeded Wall Street estimates. Revenue in its Azure cloud division rose sharply by 43%.
The $450 billion increase alone exceeds the market value of approximately 96% of companies in the S&P 500, according to data compiled by Bloomberg. The scale of the gain highlights Microsoft’s dominant position in the market.
Microsoft is the parent company of LinkedIn. The strong earnings and stock performance underscore continued investor confidence in the company’s cloud and AI-driven growth strategy.
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