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Technology

Technology

The Big Story

Microsoft briefly crosses $4 trillion milestone

Microsoft became the second company in the world to surpass a market value of $4 trillion Thursday after posting strong quarterly earnings.

© Gary Hershorn, Getty Images

The tech giant’s stock jumped 7 percent when markets opened Thursday morning, boosting the company’s market capitalization above $4 trillion for the first time.

However, it fell back below the threshold by market close, sitting around $3.96 trillion.

It joins Nvidia, which became the first company to cross the historic threshold earlier this month.

Microsoft’s stock is booming after reporting $76.4 billion in revenue for the three-month period between April and June, up 18 percent from the same time last year, and $27.2 billion in net income, up 24 percent year-over-year.

Most notably, the........

© The Hill