Microsoft hit $4 trillion in stock market value on Thursday, becoming the second publicly traded company after Nvidia to surpass that milestone following a blockbuster earnings report that showed its massive bets on AI are paying off.

Microsoft jumped past the $4 trillion market value mark Thursday, joining Nvidia as only the second public company ever to achieve the financial feat.

Microsoft looks poised to open Thursday with a market valuation above $4 trillion, after reporting strong earnings boosted by AI demand. That would make it the second company to achieve such a milestone,