Microsoft set for record one-day market cap gain after upbeat Azure forecast

July 30 : Microsoft's shares soared more than 16 per cent on Thursday, putting the company on track for a record one-day gain in market value after it said it expects to keep generating cash through its new fiscal year and forecast cloud growth above Wall Street expectations.If gains hold, the software giant would add more than $485 billion to its market value, surpassing chip giant Nvidia's previous record of $441 billion on April 9, 2025, according to LSEG data."Microsoft reported a very strong quarter and it struck the tone markets are looking to hear as the key drivers of growth came from the cloud and AI divisions," said Brian Mulberry, chief market strategist at Zacks Investment Management.The company has lagged some of its "Magnificent Seven" peers this year; its stock was down more