After Apple, two more “Big Tech” companies are about to reach the $2 trillion market value threshold, and they are none other than Microsoft and Amazon. Analysts are rooting for that to happen sooner rather than later.
On Monday, Microsoft’s shares leapt nearly 3% to 249.07, a claim at the S&P 500 index. That’s a new all-time high for the stock, taking out the previous high of 246.10 and topping even its value at the height of the 2000s dot-com boom. It also lifts the company’s value to $1.88 trillion.
Apple (AAPL) reached the $2 trillion market value threshold first, less than a year ago, on Aug. 26, 2020. That means it took about two years for Apple to hit $2 trillion in market value after reaching a $1 trillion worth on Aug. 3, 2018. Overall, it took Apple roughly 40 years to reach a trillion in market value.
Microsoft is next. Following a 12% rally this year, Microsoft is now the S&P 500’s second-most valuable member.
Amazon is right behind Microsoft in the queue. It’s only a matter of time for it, too, analysts say. S&P 500 analysts call for Amazon stock to surge more than 25% in the next 12 months to 4,043.50 a share. It closed Monday up 2% to 3,226.73. If analysts are correct, that will put Amazon’s value at $2.04 trillion in less than a year.
However, with a current valuation of only $0.66 billion, Tesla is expected only to be the seventh most valuable in the S&P 500 in 12 months.
Source: Investor’s Business Daily
Read More: President Biden gears up to lead a crusade against Tech Giants.
Capable of conversing in both Chinese and English, Tencent’s large language model ‘Hunyuan’ is claimed…
Working on multiple AI models, Apple has allocated several teams who are working on artificial…
The world's largest offshore wind turbine has achieved a milestone by setting a new record…
YouTube is stepping into the world of gaming. YouTube has started testing out its gaming…
In a remarkable academic achievement, Abdullah Zaman, a Pakistani student hailing from Attock, has clinched…
Flying Bum, the world's largest aircraft is ready to launch in 2026. The Airlander 10…
Leave a Comment