Tech
Microsoft set to hit $4 trillion market cap after earnings beat
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Microsoft is set to become the second company in the world to reach a $4 trillion market capitalization after reporting quarterly earnings that beat Wall Street’s expectations, sending the stock soaring in extended trading Wednesday.
Shares of the technology behemoth jumped as much as 9% to more than $560 in late New York trading, and if even a portion of the gain holds through Thursday’s market open, Microsoft will reach a market value of $4 trillion. Nvidia became the first company to hit the milestone earlier this month.
“Microsoft is…
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