SAN FRANCISCO: Amazon has eclipsed Microsoft as the most valuable publicly traded company in the US as a see-sawing stock market continues to reshuffle corporate America’s pecking order.
The shift occurred Monday after Amazon’s shares rose 3% to close at US$1,629.51 (RM6,705.43) and lifted the e-commerce leader’s market value to US$797bil (RM3.27tril). Meanwhile, Microsoft’s stock edged up by less than 1% to finish at US$102.06 (RM419.56), leaving the computer software maker’s value at US$784bil (RM3.22tril).
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