The tech giant is on pace to join Nvidia in the $4 trillion market cap club.
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Microsoft could stage a comeback as the technology firm's AI push starts to show signs of paying off, several analysts said.
The chip giant briefly passed $4 trillion in market value, leading the wave of artificial intelligence stocks.
Microsoft continues to surge on AI momentum ahead of its fiscal fourth quarter earnings, set for release after Wednesday's close.
It's still early days for Microsoft's artificial intelligence business, according to Wells Fargo.
The Wedbush Securities analyst highlighted Microsoft, Nvidia and Tesla as names that will continue driving the AI revolution.
The little-known company has played a pivotal role in powering the AI boom.
