Amazon, the e-commerce king, which is also now a cloud computing giant, connected-home leader, drone company, freight airline, Hollywood studio and even a traditional brick-and-mortar retailer, rose above $900 for the first time, CNN reports.
Amazon (, Tech30) stock is on a seven-day winning streak. The shares have gained 7% during that stretch and more than 20% this year.
As a result, Amazon is worth more than $430 billion. That’s nearly twice the market value of its rival Walmart(), which has a market cap of a mere $220 billion.
Only Apple (, Tech30), Google owner Alphabet( , Tech30) and Microsoft ( , Tech30) are worth more than Amazon. The Jeff Bezos-led company is now more valuable than Facebook ( , Tech30) and Warren Buffett’s Berkshire Hathaway ( ).
See CNN for More