Microsoft overtakes Amazon to become the second most valuable US company valued at $823 billion. World enterprises shift seats as Microsoft sees a big profit.
Microsoft overtakes Amazon- valued at $823 billion
Microsoft, once again recapped its position that was a taken by Amazon. Right now, Microsoft stands at a high valuation that makes it the second most valued company in the United State. It only took Microsoft 6 months to grow its market capitalization and pass Amazon to the position of second best.
The report comes after Microsoft announced its Quarterly profit result. Thanks to its cloud computing business, things are getting better for Bill Gates company. Meanwhile, Amazon, on the other hand, lost up to $65 billion off of its market cap. Microsoft overtakes Amazon- not a surprise at all, and the company CEO hopes that things can get even better in the upcoming months.
The boss – Apple still on top of the table as it seats over $1 trillion value. However, Apple is now closely followed by Microsoft and Amazon in this race of most valued company in the world. Microsoft comes second with a valuation of $823 billion and Amazon valued at $805 billion market cap.