Amazon surges with record US$190bil gain in value

Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market capitalization by around $190 billion by the end of trading.That beat Apple Inc's record $181 billion one-day gain in stock market value on Jan. 28 following the iPhone maker's own blockbuster quarterly report, according to Refinitiv data.

NEW YORK: A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value.

Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market capitalization by around $190 billion by the end of trading.