Microsoft's shares soared more than 15% on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.
The software giant reportedly added more than $485 billion to its market value to reach $3.35 trillion, surpassing chip giant Nvidia's previous one-day record of $441 billion on April 9, 2025, according to LSEG data.
