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Apple, Amazon, Microsoft and the race to become the first 2,000 billion dollar company
May
The stock prices of Amazon, Apple and Microsoft are all trading close to historical record highs and only need to increase about 20-25% more, these three “giants” will reach the market capitalization mark of $2,000 billion. America.
According to CNN, after last week’s trading session, Apple and Microsoft stock prices continued to increase. Thanks to that, the capitalization value of the two American technology giants has surpassed the 1,600 billion USD mark. Meanwhile, Amazon’s capitalization has also surpassed the threshold of 1,500 billion USD. Experts predict that in just 1-2 years, all three corporations can reach the threshold of 2,000 billion USD.
Wall Street investors put great faith in Apple CEO Tim Cook, Microsoft head Satya Nadella and Amazon boss Jeff Bezos. Amazon, Apple and Microsoft helped push the Nasdaq above 10,000 points, an all-time high despite challenges from the Covid-19 epidemic in the US.
Apple earns billions more from selling iPhones and utility services in the company’s ecosystem, including Apple Pay, Apple Music and the App Store. Microsoft recorded high sales and profits from Office 365 software.
And Amazon increased its value by billions of dollars thanks to Prime’s huge goods distribution system and served the transportation needs of millions of consumers who had to stay home during the pandemic.
Amazon and Microsoft are also leaders in the cloud computing market with Azure and AWS businesses bringing extremely high profit rates.
See more:
- Apple surpasses the capitalization threshold of 1.5 trillion USD despite Covid-19
- Microsoft permanently closed all Stores around the world
Financial analysis on Wall Street shows that the stock prices of the three companies are still increasing steadily. According to data from Refinitiv, 29/39 Wall Street analysts recommend buying Apple shares. The number of analysts placing confidence in Microsoft and Amazon is 34/37 and 48/51, respectively.
However, rapid growth on the other hand raises many concerns for investors. Apple and Microsoft stock prices have increased more than 30% since the beginning of the year, leading the Dow Jones index. Amazon is one of the best stocks in the S&P 500, up nearly 70% since the beginning of the year.
All three corporations are strong and appear to be recession-resistant. But their stock valuation is causing concern,” North Trust Wealth Management Investment Director Katie Nixon wrote in a report.
Each company has its own strengths and advantages, helping them reach a capitalization of 2,000 billion USD next year. But which of them is the first company to reach this capitalization milestone is still a difficult question to answer.
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