Amazon beats Microsoft on list of world’s most valuable companies, and becomes 3rd!

Amazon’s market value soared above $685 billion, making the Jeff Bezos-led giant worth more than Microsoft for the first time ever. Microsoft’s market value currently stands at $684 billion. Amazon (AMZN) now trails only Apple (AAPL), which has a market cap of about $815 billion, and Google owner Alphabet (GOOGL), valued at $750 billion.
These tech giants are all in a race to the magical trillion dollar level, a height that no U.S. company has topped as of yet.

But Amazon clearly has the most momentum. Its stock has soared nearly 21% this year, well ahead of the gains of Alphabet and Microsoft. Apple’s stock has fallen year-to-date.

Combined, all other public companies based in Washington state have a market capitalization of only about $400 billion. Chicago-based Boeing has a market value of $205 billion.

Amazon has nearly quadrupled in value over the last three years, a surge that made founder and chief executive Jeff Bezos the world’s richest man, displacing his Medina neighbor, Microsoft co-founder Bill Gates. Amazon is still well behind Google-parent Alphabet Inc. GOOGL, +0.68% GOOG, +0.65% which currently sits in second place. First-place Apple Inc. AAPL, +1.27% has a big lead with a market cap of $849.24 billion. Bezos has already passed Microsoft (MSFT) co-founder Bill Gates as the wealthiest person on the planet back in October, according to Forbes and Bloomberg. Bezos is now worth $116 billion, nearly $25 billion more than Gates

Amazon (AMZN:US) Amazon is a Consumer Discretionary company, specialized in Retail – Discretionary. Amazon is up by 21.85% since the beginning of the year. AMZN:US hit its all-time high of 1498 in February 02, 2018 and its record low of 1.31 in February 02, 2018. In the past 52-weeks, Amazon ranged from 831.55 (2017-02-14) to 1490.6095 (2018-02-02).

Sources: 

http://fortune.com/2018/02/15/amazon-microsoft-third-most-valuable-company/

https://www.investing.com/equities/amazon-com-inc-news

https://markets.ft.com/data/equities/tearsheet/summary?s=AMZN:NSQ

http://money.cnn.com/2018/02/06/investing/amazon-microsoft-market-value/index.html

https://markets.ft.com/data/equities/tearsheet/profile?s=AMZN:NSQ

https://www.marketwatch.com/story/amazon-passes-microsoft-to-become-the-3rd-largest- us-company-2018-02-14

https://www.dailysabah.com/technology/2018/02/15/amazon-passes-microsoft-becomes- 3rd-largest-us-company

https://www.pressherald.com/2018/02/14/amazon-passes-microsoft-on-list-of-worlds-most- valuable-companies/

https://finance.yahoo.com/m/3a36ef40-447b-36ae-8ccd-3f2d498a0c62/amazon-passes- microsoft-to.html

https://ieconomics.com/amazon