Amazon.com became the second most expensive US public company on Tuesday, ahead of market capitalization Google's parent company Alphabet for the first time. Amazon shares ended on Tuesday with a 2.69% growth at $ 1586.51, with a market capitalization of $ 768 billion, highlighting Wall Street confidence in the company, backed by its continued expansion in the areas of cloud technologies, grocery trade and more new businesses.
Alphabet lost 0.39%, reducing its market value to $ 762 billion, as Wall Street was worried about the regulatory implications after revelations that a political consultancy received unlawful personal data for 50 million Facebook Inc. users
Together, Alphabet Facebook dominates online advertising. Both companies have faced criticism from the government about how they use consumer data.
Amazon shares rose 81 percent last year (according to Monday's data), backed by the huge growth in online trading revenue, which is increasingly traded. Many companies also transfer their cloud computing operations, where Amazon Web Services is the market leader.
In February of this year, Amazon outpaced Microsoft as No. 3 in market capitalization. Now it's number 2.
Hardly the first place remains Apple, whose market capitalization reaches $ 889 billion, and is now closest to the $ 1 trillion covenant that analysts expect to be conquered this year by one of the top three companies.
The calculations show that if Amazon keeps its current stock growth, it will reach $ 1 trillion in August this year, says Businesswoman.
Also by the same formula, Apple's calculations show that at the current stock growth of the company it could reach a market value of $ 1 trillion a month shorter - in September. The shares of Cupertino have risen slightly over 25% in the past year
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