Shares of Microsoft finished up 4% at $533.50, an all-time closing high, according to Dow Jones Market Data. Microsoft closed with a market cap of $3.966 trillion, just short of joining Nvidia and becoming the second company to close at a $4 trillion market cap.

Microsoft’s market capitalization exceeded $4 trillion for the first time on Thursday after the company reported better-than-expected cloud growth in the three months ending in June. Microsoft stock was up more than 4% from the day prior,