Microsoft Surges Over $450 Billion as Azure Hits $100B Revenue Milestone
On Thursday, Microsoft experienced a historic one-day valuation increase of over $450 billion, surpassing the total stock market value of countries like Turkey and Poland. This surge followed strong quarterly earnings that eased concerns about AI spending sustainability among investors. Microsoft reported $90 billion in revenue for Q2 2026, up 18% from the previous quarter, with its Azure cloud platform crossing a significant milestone by generating over $100 billion in annualized revenue. CEO Satya Nadella emphasized customer confidence and ongoing investments of $175 billion into AI development. The company also expanded its global data center footprint to 88 locations across five continents amid strong demand for cloud services, which continues to outpace supply.
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Topics: AI boom Azure cloud platform earnings report market valuation Microsoft