July 31 (Reuters) - Microsoft MSFT.O is set to soar past $4 trillion in market valuation for the first time on Thursday, as a burst of investor confidence in its booming Azure cloud division helps the tech behemoth become the second company after Nvidia to surpass the milestone.
The software company forecast a record $30 billion in capital spending for the current fiscal first quarter and reported booming sales in its Azure cloud computing business on Wednesday.
Shares of Microsoft were up 8.6% at $557.34 in early premarket trading, valuing it at $4.14 trillion.