tl;dr
In a groundbreaking development, Amazon has surpassed Alphabet in enterprise value, with a remarkable market cap of $1.773 trillion. This achievement is chiefly attributed to Amazon's stock reaching a new all-time high and the release of better-than-expected Q4 results, as well as optimistic Q1 guid...
In a groundbreaking development, Amazon has surpassed Alphabet in enterprise value, with a remarkable market cap of $1.773 trillion. This achievement is chiefly attributed to Amazon's stock reaching a new all-time high and the release of better-than-expected Q4 results, as well as optimistic Q1 guidance. Following this news, Amazon's shares soared by more than 9% and led the tech sector to higher ground. Notably, financial analysts from Wall Street, including RBC Capital, have expressed their confidence in Amazon's future prospects, with high expectations for the company's cloud computing division. Over the past year, Amazon's shares have risen by 51%, outperforming Alphabet's growth of 41% during the same period.
More about Amazon.com Inc
Amazon.com, Inc. is a dominant player in the e-commerce and technology industry, with a market capitalization of $1.65 trillion. The stock is currently trading at $3,328.13, with a 52-week range of $2,891.49 to $3,773.08. Amazon's stock has shown a steady increase over the past year, with a 2.9% increase in the last trading session. The Relative Strength Index (RSI) is at 53.95, indicating a neutral sentiment in the market. The stock is currently trading above its 50-day and 200-day moving averages, suggesting a bullish trend. However, it is important to note that past performance is not always indicative of future results, and there may be potential risks and uncertainties associated with investing in Amazon.com, Inc.
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