Amazon bursts back into the trillion-dollar club as the stock rally allows Big Tech to retake top slots among most valued companies

Feb 8 2023 by Business Insider

 
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Amazon has returned to the trillion-dollar market-cap club as it continues to rebound after a dismal 2022. The boost to Amazon's market cap comes alongside the resurgence of Big Tech stocks this year. Securities firms including JMP, Truist and Evercore continue to predict further upside for the stock.

Amazon has reclaimed its place in the highly exclusive club of companies with market cap exceeding a trillion dollars, in a sign of Big Tech's resurgence that some analysts...

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