Microsoft Becomes Second Company in History Valued Over $4 Trillion After Strong Second Quarter Earnings

Lunatic_Gamer

Lunatic_Gamer

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Microsoft valuation surged past $4 trillion after markets opened on Thursday after beating expectations for second-quarter revenue, becoming only the second company in history to hit the milestone since AI chip designer Nvidia broke the record just weeks earlier.

Key Facts

• Microsoft's stock rose as much as 5% on Thursday morning after the tech giant's earnings call Wednesday.

• The company reported an 18% revenue growth rate, raking in $76.4 billion for a net income of $27.2 billion.

• Microsoft and Nvidia's market cap growth has started to outpace Apple, whose $3.1 billion valuation is still the third largest in the world despite worries from investors it is falling behind in artificial intelligence, Reuters reported

Key Background

Microsoft's surge in valuation came after the legacy tech giant made moves over the last year to pivot to AI and cloud computing. The company also laid off 6,000 employees in May, about 3% of its staff. The company invested over $88 billion in data centers for cloud computing and AI services, like its Copilot assistant, The New York Times reported. But other major products, including its Microsoft 365 suite, Xbox gaming services, Windows equipment and devices, and the social networking site LinkedIn also posted revenue increases over the last quarter, the company said Wednesday.

Big Number

$75 billion. That's how much revenue Microsoft's Azure cloud computing service brought in for the company, a 34% rise from the previous year. It was the first time Microsoft disclosed revenue from the service, which competes with other major cloud computing providers like Amazon Web Services.

www.forbes.com

Microsoft Becomes Second Company Valued Over $4 Trillion

Microsoft’s revenue surge was credited to its Azure cloud computing service.
www.forbes.com www.forbes.com

Super League Money GIF by Anderson .Paak
 
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Markets love it when you fire tens of thousands of employees and spend money in bubbles that are already inflated 100 times their actual value.
 
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I still remember of the Wintel alliance, that by the end of the 90s made Intel and Microsoft be worth 500-600 Billion dollars, each.
25 years on and Intel is worth only 90 Billion, while Microsoft is worth 4 Trillion.
The only thing in common, is that they are firing a lot of people.
 
I remember when Apple was the first ever $1 trillion company and I felt like a virgin getting my cherry popped under a waterfall. Now it's just another drunken Tuesday night that I can't recall
 
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Lunatic_Gamer said:
$75 billion. That's how much revenue Microsoft's Azure cloud computing service brought in for the company, a 34% rise from the previous year. It was the first time Microsoft disclosed revenue from the service, which competes with other major cloud computing providers like Amazon Web Services.
Click to expand...
Nobody gives a fuck about Xbox at Microsoft. That much is clear. It's kinda like boutique perfume brands at L'Oreal - losers go there. The top brass is doing FMCG.
 
Let this be a prime example of why you should buy real estate, start a business and seek passive income.

Working for any company, even the biggest in the world is not a safe end game. I don't fucking care how many degrees you have, how many years you worked in IT etc.

I have a degree (as of this spring) and worked in IT for over a decade.

I buy real estate and will continue to buy real estate and focus on independent work, even while working for a great company, because this company managed this feat and still laid off people and has plans to lay off more...

One of my favorite things my father states to me "Son, that is not your company, that is THEIR company, THEIR business is making money, not providing you a paycheck" Anyone in this industry needs a plan B, because Google, Apple, MS, Facebook etc, they have their focus on making bank, you should too and its not continuing to work hourly cause those that own those company are not doing that to create that wealth.

You are doing that to create it for them...
 
This means time for Satya to :
  • More stock buybacks
  • Fire more people
  • Spend more on AI
  • Hire more H1Bs and 18 months contractors.
  • Remind Phil he needs to kill off Pleb console hardware.
 
Uh uh, that statement sounds an awful lot like something you'd hear prior to "we had a record breaking quarter, to celebrate we're letting go of 20% of our workforce"
 
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