Amazon Eyes Second Biggest Market Cap, Surging Past Microsoft

Amazon Eyes Second Biggest Market Cap, Surging Past Microsoft

  • Online retailer’ s results sparks a 6% rally after hours
  • That implies a market capitalization of $780 billion

Amazon is poised to become the second-largest U. S. company by market value, thanks to its blowout earnings.

Up about 6 percent in afterhours trading, the online retailer’ s stock prices imply a market capitalization of $780 billion. While shares of Microsoft and Google’ s parent Alphabet also rose after exchanges closed, their gains suggested a market value of no more than $730 billion for either one.

Apple is the No. 1 as the only company with a market cap north of $800 billion.