FILE - This Oct. 23, 2018, file photo shows an Amazon logo atop the Amazon Treasure Truck The Park DTLA office complex in downtown Los Angeles. Amazon has eclipsed Microsoft as the most valuable publicly traded company in the U.S. as a see-sawing stock market continues to reshuffle corporate America's pecking order. The shift occurred Monday, Jan. 7, 2019, after Amazon's shares rose 3 percent to close at $1,629.51 and lifted the e-commerce leader's market value to $797 billion. (AP Photo/Richard Vogel, File)
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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