Microsoft Soars to $3 Trillion Valuation on Cloud and AI Momentum
• Microsoft reported record quarterly revenue for the 5th straight quarter, coinciding with explosion of AI and ChatGPT interest • Sales hit $62B, topping estimates and growing 18% annually • Profits dipped slightly but remained up 30% compared to last year • Microsoft passed $3 trillion market cap for the first time, reclaiming title of world's biggest company • Strength driven by 30% annual growth in Microsoft's cloud unit encompassing AI offerings like Azure