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Amazon to be the next $1 trillion company?

by Purvai Dua
14th Aug 18 3:36 pm

Just days after Apple crossed the $1 trillion mark, the market is now abuzz with reports that e-commerce giant Amazon may soon be entering the big league.

At its current valuation of $914bn, Amazon stock only needs to go up another 7 per cent for it hit the big trillion-dollar market cap.

Shares in Amazon jumped to a new all-time high of 2 per cent yesterday and have gone up more than 60 per cent since the beginning of this year.

Other reports also suggest that before Amazon is able to finish the race, other tech giants like Alphabet or Microsoft leap ahead.

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