Categories AlphaGraphs, LATEST, Technology, U.S. Markets News

Amazon races ahead of Microsoft in market value

Amazon is now worth more than Microsoft.

The e-commerce giant’s market value rose to about $702.5 billion on Wednesday, ahead of Microsoft whose market cap stands at $699.2 billion.

 

Amazon market cap since 2016

Amazon now stands as the third most valuable company in the world, just behind Apple and Alphabet.

Shares went up 2.6% on Wednesday, pushing Amazon ahead in the race.

Apple is at the top of the list with $849.2 billion while Alphabet ranks second at $744.8 billion. Following Amazon are Microsoft, Tencent, and Facebook. It is worth noting that the top six companies by market value all belong to the technology sector.

Apple, Alphabet, Amazon, Microsoft & Facebook market cap value as of February 14, 2018

Amazon chief Jeff Bezos has already dethroned Microsoft’s Bill Gates as the world’s richest person. Amazon’s value has seen a rapid increase in recent years and investors are optimistic the company will continue to gain market share.

The increasing competition between Amazon and Microsoft in the cloud infrastructure arena is creating a lot of buzz on Wall Street.

 

Amazon versus Microsoft market cap trend

 

 

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top