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Amazon Overtakes Microsoft and Apple in Market Value

posted by martyb on Tuesday January 08 2019, @06:02AM   Printer-friendly
from the down-from-a-trillion dept.

takyon writes:

Amazon is now the USA's most valuable publicly-traded company by market value:

Amazon's ended trading Monday with a market value of about $797 billion, compared with Microsoft's $783 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $702 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $748 billion.

Previously: Microsoft Overtakes Amazon as Second Most Valuable U.S. Company

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  • (Score: 2) by r1348 on Tuesday January 08 2019, @03:48PM

    by r1348 (5988) on Tuesday January 08 2019, @03:48PM (#783702)

    A high P/E in Amazon's case means a lot of R&D spending, it doesn't necessarily mean that their stock is overvalued, if you think they're investing in the right innovations.

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