Microsoft Hits $4 Trillion Market Cap After Earnings Beat

Microsoft Corp. has 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 Thursday.

Shares of the technology behemoth jumped as much as 8.2% in early trading in New York, pushing its market value to $4.1 trillion. Nvidia Corp. became the first company to hit the milestone earlier this month.