Amazon Joins Elite Club as 5th US Company to Reach $2 Trillion Market Cap Milestone
Money | June 27, 2024, 10:25 a.m.
Amazon (AMZN) has reached a significant milestone, surpassing $2 trillion in market capitalization, joining the ranks of tech giants like Apple (AAPL), Alphabet (GOOG, GOOGL), and Nvidia (NVDA). Yahoo Finance anchor Madison Mills breaks down this latest development and its implications for Amazon's future trajectory. Amazon's stock has shown steady growth, rising nearly 30% year-to-date, positioning the company alongside industry leaders. However, the battle for the most valuable company title remains intense, with Nvidia's recent surge briefly propelling it to the top spot before Microsoft and Apple reclaimed their positions. While Nvidia faces a market cap setback this week, the competition between Microsoft and Apple for the top spots continues. Watch the full episode of Morning Brief for expert insights and the latest market analysis.