New York: The day after the Facebook owner of the Meta Platform suffered the deepest loss of the stock market value in history for US companies, Amazon recorded an increase in the largest value of one day ever.
Retail giant shares and online cloud computing jumped 13.5% on Friday after the quarterly of the explosion, showed market capitalization of around $ 190 billion at the end of the trade.
It beat Apple Inc record $ 181 billion acquisition one day in the value of the stock market on January 28 after the reports of the Blockbuster of the iPhone’s own blockbuster maker, according to refinitiv data.
Amazon is now valued at around $ 1.6 trillion.
With the stock of the meta platform slipped 0.3% on Friday, its value stood around $ 660 billion.
Amazon shares jumped after the company reported better profits than expected on Thursday and said it was hiking the price of an annual US main subscription of 17%.
The Amazon surge came a day after the market value of the Meta platform stock market fell more than $ 200 billion in the biggest loss of the US company after the social media giant issued a gloomy estimate.
“After fighting with Blues Post-Lockdown in 2021, we believe Amazon’s wealth has the potential to increase when 2022 is revealed,” Analyst Monyes Crespi Hardt White White in a research record.
“Amazon is positioned uniquely to get out of this crisis as one of the biggest beneficiaries of accelerated digital transformation.” Retail investors seem to use Amazon rally to take advantage.
Data on the Fidelity website shows Amazon is the most traded stock among its customers on Friday, with selling orders exceeding the number of orders more than two to one.
The size of an increase in Amazon value goes beyond the company’s market capitalization including AT & T Inc., Morgan Stanley and Netflix Inc.
Apple, Microsoft Corp.
and Google Owner Alphabet Inc.
remains the most valuable company Wall Street, with market capitalization of $ 2.3 trillion and $ 1.9 trillion, respectively, according to refinitiv.
The Amazon stock price continued to fall by around 15% of the record high of $ 3.731.41 in July.