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.

According to Bloomberg data, the US equity market remains the largest globally with a total valuation of $66.7 trillion, representing 49% of the global market cap. In contrast, China, the world’s second-largest equity market,