The day after the meta platform of Facebook owners experienced the loss of the largest stock market value in history for US companies, Amazon was on track to record the biggest value increase in the largest day ever.
Retail giant shares and online cloud computing jumped nearly 15% on Friday after the quarterly of the explosion, expanded market capitalization with more than $ 200 billion on medieval days.
If the Amazon stock closes at that level, it will beat Apple’s record of $ 181 billion in one day in the stock market value on January 28 after the iPhone’s self-maker Tripbuster report, according to refinitiv data.
Amazon is now valued at around $ 1.6 trillion.
With the Stock of the Meta platform dipping 2% on Friday, the value of the stock market reached around $ 653 billion.
Amazon shares surged after the company reported a better profit than expected on Thursday and said it was hiking the annual US main subscription price of 17%.
The surge in Amazon value came a day after the market value of the Meta platform shares fell more than $ 200 billion in the largest single loss for US companies 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.” Apple, Microsoft and Google-owner Alphabet remain the most valuable company Wall Street, with market capitalization of $ 2.8 trillion, each $ 2.3 trillion and $ 1.9 trillion, according to refinitiv.