Microsoft beats Amazon to become the second most valuable company in the United States

Microsoft beats Amazon to become the second most valuable company in the United States

Microsoft beats Amazon to become the second most valuable company in the United States

On September 4, Amazon became the second company in the United States to be publicly traded to reach a $ 1 trillion valuation. Of course, Apple did so for the first time on August 2, while Apple has risen 4.4% since reaching a $ 1 trillion mark and Amazon shares down 20% As a result, Amazon is no longer the second largest US company, and Reuters says that is now Microsoft's honor.

Microsoft shares rose 13 percent on May 1 from $ 95 to $ 106.96 with Friday's close. The software giant now has a $ 821 billion valuation for Amazon's $ 801.3 billion valuation. For 2018, Amazon is still up 40 percent from 25 percent % For Microsoft.

Microsoft announced last week its first-quarter earnings, which investors were satisfied with. To be the third publicly traded company in the United States to reach a trillion-dollar valuation, Microsoft will need a 22 percent increase to $ 130.

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