Microsoft overtakes Amazon as second most valuable US company

FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo

SAN FRANCISCO: Microsoft Corp regained its spot as the second most valuable US company on Oct 26 after a disappointing quarterly report from Amazon.com wiped US$65bil (RM271.63bil) off the online retailer's market capitalisation.

Apple Inc tops the list at over US$1tril (RM4.17tril) after crossing that threshold in September. Microsoft's market capitalisation was Wall Street's highest in late 1998 through early 2000 before the dot-com bubble burst.