Slower Journey Than Tech Peers for Amazon

  • Amazon’s stock reached $2 trillion market cap in intraday trading
  • Only the fifth U.S. company to achieve this milestone
  • Apple, Microsoft, Nvidia and Alphabet are also part of the $2 trillion club
  • Amazon’s journey from $1 trillion took longer than its peers

Amazon.com Inc.’s stock recently reached a $2 trillion market cap in intraday trading, making it the fifth U.S. company to do so. The e-commerce giant is set to become the fifth company to close at or above this level if current gains hold. Amazon’s shares have increased by 27% this year and 51% over the past 12 months. Apple Inc., Microsoft Corp., Nvidia, and Alphabet Inc. are also part of the $2 trillion club, with all but Alphabet currently above the $3 trillion mark. Amazon’s journey from $1 trillion took longer than its peers in reaching this milestone.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Amazon’s market-cap milestone, comparing it to other companies in the $2 trillion club and mentioning their progress from their last big market-cap milestones. It also includes relevant data and statistics.
Noise Level: 6
Noise Justification: The article provides brief information on Amazon’s market-cap milestone but lacks in-depth analysis or context about the event and its implications. It also includes unrelated links to other articles at the end.
Public Companies: Amazon.com Inc. (AMZN), Apple Inc. (AAPL), Microsoft Corp. (MSFT), Nvidia Corp. (NVDA), Alphabet Inc. (GOOG)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: Amazon’s stock market performance and its entry into the $2 trillion club impacts financial markets and other tech companies
Financial Rating Justification: The article discusses Amazon’s stock performance and its impact on the financial markets as it approaches a $2 trillion market cap, which affects not only Amazon but also other tech companies in the $2 trillion club.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.marketwatch.com www.wsj.com