trending Market Intelligence /marketintelligence/en/news-insights/trending/kuutnpsjeatod6oxyg6ydg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Amazon hits $1 trillion market capitalization

OTT Helps To Offset Pay TV Losses for Video Security Vendors

5G Survey: Despite COVID-19 delays, operator roadmaps still lead to 5G

Southeast Asian broadband providers report varying performance amid COVID-19

Cable networks react to pandemic by cutting SG&A, programming costs

Amazon hits $1 trillion market capitalization

E-commerce giant Inc. on Sept. 4 became the second publicly traded U.S. company to reach a market capitalization of $1 trillion.

The company's shares climbed 1.9% in midday trading, hitting the $2,050.27 needed to reach the $1 trillion mark, based on Amazon's 487,741,189 shares outstanding as of July 18.

Earlier in August, Apple Inc. became the first U.S.-based company to hit $1 trillion in market capitalization.

Recently, Morgan Stanley increased its price target on Amazon's stock to $2,500 from $1,850.