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Microsoft valuation surges above $4 trillion as AI lifts stocks

German Stock Market Index DAX is pictured at the stock exchange in Frankfurt, Germany, on July 28, 2025. [AFP]

Shares of Microsoft spiked Thursday following blowout quarterly results, lifting the tech giant into the previously unprecedented $4 trillion club along with Nvidia, another artificial intelligence standout.

The landmark valuation is the latest sign of growing bullishness about an AI investment boom that market watchers believe is still in the early stages -- even as companies like Microsoft plan $100 billion or more in annual capital spending to add new capacity.

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