Amazon tops $3 trillion in
Photo: Michel Euler/AP/TT

Amazon tops $3 trillion in market value for the first time

Tech giant Amazon has surpassed $3 trillion in market capitalization for the first time, becoming the fifth company ever to reach the milestone.

On Friday, Amazon's stock rose 15.3 percent - its best trading day since 2012 - after it beat market expectations in its interim report on Thursday.

With a further 5.3 percent rise on Monday, Amazon could now join Apple, Alphabet, Microsoft and Nvidia as the only companies to reach a market capitalisation of $3 trillion.

Amazon's stock has been in decline for most of the past three months, as investors have lost confidence in shares of companies investing in artificial intelligence - concerns that were eased by last week's interim report.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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