Microsoft’s fiscal Q4 earnings beat and strong guidance drove its stock up 15.5%, boosting Amazon to a $3 trillion market valuation.
Microsoft shares jumped 15.5% to close at 451.10 on Thursday after the company reported fiscal fourth-quarter earnings that exceeded estimates and provided sales guidance above expectations for the current quarter. The results, released late Wednesday, highlighted strength in its cloud computing and software segments.
The rally followed a broader surge in cloud hyperscalers, including Amazon’s AWS and Google, during a strong Q2 earnings season. Amazon’s stock climbed Monday, pushing its market capitalization to $3 trillion as investors reacted to robust cloud demand and earnings momentum.
The gains reflect sustained investor confidence in large-cap tech stocks, particularly those leading in artificial intelligence and cloud infrastructure.