Microsoft Market Cap Tops $4 Trillion as Azure Growth Supports AI and Cloud Confidence

Microsoft’s market capitalization was listed at approximately $4.021 trillion on Oct. 12, as stronger Azure growth renewed investor confidence in its artificial intelligence and cloud businesses watched by crypto markets.

Azure and other cloud services revenue increased 43% year over year in the three months ended June 30. Microsoft Cloud revenue reached $59.3 billion, up 27% from a year earlier.

Commercial remaining performance obligations, a measure of contracted revenue that has not yet been transferred to customers, rose 84% to $678 billion. “Commercial remaining performance obligation grew 84% to $678 billion,” Microsoft CEO Satya Nadella said during the company’s fiscal 2026 fourth-quarter earnings call.

Microsoft’s fiscal year ended June 30. The company also said production deployments of its Azure Maia 300 artificial-intelligence chip will begin in 2027, extending its push to build infrastructure for cloud and AI demand.