Amazon joins Microsoft in the exclusive trillion-dollar company club

Samuel Oskys17/07/20192min
The stock market in the Seattle metro area has two $1 trillion companies with Amazon joining Microsoft in that exclusive club.

Amazon surpassed the trillion-dollar mark in September to beat Apple which is now currently worth about $920 billion.

Big Tech stocks have soared in 2019 also, despite the possibility of more regulations globally, and of course trade tension between the US and China. Sales growth have remained relatively strong.

Currently, the most valuable company in the world is Microsoft, at around $1.1 trillion, thanks to its cloud business it has soared 36%.

Amazon, on the other hand, is up more than 35% and is expecting a further increase during its upcoming Prime Day shopping event. As regards Facebook, shares are up 50%, while Apple is steadily soaring at 30%. Netflix is up 45% this year also and has reached a value of $165 billion.

Having said the above, the stock market’s five largest companies have a combined value of over $4.36 trillion.

According to Daryl Deke, CEO of New Market Wealth Management, investors infatuation with tech is worrying. He says there has been a massive gap between how well Big Tech has done in comparison to other sectors which is not healthy and it could hurt investors who focus more so on tech.

Even though tech stocks are the best trade on Wall Street, Deke expresses:

Investors have been rewarded for concentrating and are being taught that diversification is bad. That’s not good for the long-term.

Samuel Oskys

Sam Oskys is a British born technology enthusiast, automotive lover, artist, author and editor. His inspiration has been his life experiences; his evolution and adaptation in society and life itself and as a result, translated these emotions into art and words within his work in this duration. Writing about trendy, technology, automotive and lifestyle-related material is what he mainly focuses on and he’s currently one of the authors for High Worth Citizen. Contact Sam at +357-22029786 ext: 6115 or by email at [email protected] for editorial related questions.

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