Microsoft hit $4 trillion in stock market value on Thursday, becoming the second publicly traded company after Nvidia to surpass that milestone following a blockbuster earnings report that showed its massive bets on AI are paying off.

Microsoft jumped past the $4 trillion market value mark Thursday, joining Nvidia as only the second public company ever to achieve the financial feat.

Microsoft has joined Nvidia in the elite $4 trillion club, pushing the combined market capitalisation of Apple, Microsoft, and Nvidia beyond the entire Chinese market.