Home / Business / The stock market now has two companies worth $ 1 trillion: Amazon and Microsoft.

The stock market now has two companies worth $ 1 trillion: Amazon and Microsoft.



Amazon (AMZN) briefly crossed the trillion dollar mark for the first time since September. At that time, Amazon and Apple were worth more than a trillion dollars. Apple (AAPL) stocks have since retreated a little. The iPhone maker is now worth around 920 billion dollars.

Big Tech shares have skyrocketed this year, despite concerns over the possibility of increased regulation in the United States and around the world, as well as trade tensions between the United States and China. Until now, growth in sales and profits has remained relatively strong.

Microsoft (MSFT), now worth nearly $ 1.1 trillion, is the most valuable company on the planet. It rose 36% thanks to the optimism generated by its cloud business.
Why is Google missing on the tech rally?
Amazon is up more than 35% and he's recently rallied optimistic about his next shopping tour in Prime Day. The winning streak lasted seven days and ended Thursday.
Facebook (FB) stocks are up more than 50%, while Apple is up 30%. Same Google owner Alphabet (GOOGL), which has been lagging behind in the tech rally, is still up 10% this year.
The five largest companies now have a combined market value of $ 4.36 billion. And Netflix (NFLX), which is often confused with the rest of the tech giants in the so-called FAANG actions, is now worth $ 165 billion. It has climbed nearly 45% this year.

But the infatuation of investors for technology – to the exclusion of many other securities – worries Daryl Deke, principal founder and CEO of New Market Wealth Management.

Here's why Amazon can beat Apple at $ 2 trillion

Deke said that there was a "huge gap" between Big Tech's performance and that of other sectors. This is not healthy – and it could burn investors who are too interested in technology.

"Investors have been rewarded for their concentration and we have been taught that diversification is a bad thing – it's not good for the long term," Deke told CNN Business.

But for the moment, it still seems that technology stocks are the most popular business on Wall Street.


Source link