Microsoft Chairman and CEO Satya Nadella speaks in front of the OpenAI logo at the Microsoft Build conference in Seattle, Washington, on May 19, 2025. The $4 trillion club has a second member. Microsoft shares climbed more than 5% Thursday following a better-than-expected earnings report, lifting the software giant's market cap above the $4 trillion mark. The company joined chipmaker Nvidia , which hit $4 trillion for the first time earlier this month. Microsoft reported 18% revenue growth, its fastest rate of expansion in over three years, driven by its Azure cloud computing business. Microsoft disclosed Azure revenue in dollars for the first time, and said sales from Azure and other cloud services exceeded $75 billion in fiscal 2025, up 34% from the prior year.