Microsoft becomes second company ever valued at $4tn

Nvidia hit the milestone earlier this month

Stock image: AP

Carmen Reinicke and Subrat Patnaik

©Bloomberg

Microsoft has become the second company in the world to reach a $4tn (€3.5tn) market capitalisation after reporting quarterly earnings that beat Wall Street’s expectations, sending the stock soaring in premarket trading yesterday.

Shares of the technology behemoth jumped as much as 8.2pc in early trading in New York, pushing its market value to $4.1tn. Nvidia became the first company to hit the milestone earlier this month.

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