Microsoft Achieves $4 Trillion Market Cap
Microsoft reached a significant milestone on Thursday, hitting a market capitalization of $4 trillion, joining Nvidia as one of the only two companies to achieve this status.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| MSFT | Microsoft Corp. | 533.50 | +20.26 | +3.95% |
The rise in Microsoft’s stock came after the tech giant reported impressive quarterly earnings. Revenues climbed by 18%, totaling $76 billion, while net income surged over 23% to reach $34.3 billion. A huge portion of this growth is attributed to the company’s cloud computing services and the increasing demand for artificial intelligence.
“We are innovating the entire high-tech stack to help our customers adapt and grow in this new era,” Microsoft noted. This year, Azure, the company’s cloud platform, exceeded $75 billion in revenue, marking a 34% increase across all workloads.
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Exchange-traded funds (ETFs) that have significant stakes in Microsoft enjoyed a 26% profit from the stock this year, outperforming the Nasdaq, which rose just 9.5% over the same period. Microsoft’s T-Rex 2x fund reported an annual increase of over 44%, aiming for results that are double that of MSFT’s daily performance.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| MSFX | ETF Opportunity T-Rex 2x Long Microsoft DAI | 37.87 | +2.81 | +8.01% |
In the last few days, the Direxion Daily MSFT Bull 2x and Bear 1x ETFs experienced increased activity. The MSFU bull fund has gained over 43% this year, while the MSFD bear fund saw its busiest trading day ever.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| MSFU | Direxion Shares ETF Trust Daily MSFT Bull 2x Shares | 56.55 | +3.89 | +7.39% |
| MSFD | Direxion Shares ETF Trust Daily MSFT Bear 1x Shares | 10.51 | -0.44 | -4.02% |
More traditional stock ETFs, such as iShares Global Tech ETFs, which possess 17.5% of Microsoft’s stock, gained 13% this year. Vanguard’s Information Technology ETF holds 14.8%, while Fidelity’s MSCI ETF accounts for 15%, both also seeing an 11% yearly increase. All three ETFs list Microsoft as their second-largest holding after Nvidia.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| IXN | iShares Trust Global Tech ETF | 95.87 | -0.46 | -0.48% |
| VGT | Vanguard Information Technology ETF – USD DIS | 690.47 | -3.98 | -0.57% |
| FTEC | Fidelity Covington Trust MSCI Information Technology | 205.49 | -1.05 | -0.51% |
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Microsoft was established back in April 1975 by Paul Allen and Bill Gates. Currently, Gates ranks as the 13th richest person in the world, according to Forbes, with a net worth of $116 billion. Meanwhile, former Microsoft CEO Steve Ballmer is positioned 8th with a net worth of $148 billion.
