Finance Amazon is bigger than Microsoft for the first time (AMZN, MSFT)

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The retail giant has come a long was in just half the time of Microsoft.

Amazon founder and CEO Jeff Bezos laughs as he talks to the media. play

Amazon founder and CEO Jeff Bezos laughs as he talks to the media.

(Reuters/Lindsey Wasson)
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  • Amazon’s market value passed that of Microsoft for the first time Wednesday.
  • Amazon is now the third-largest company in the United States.


Shares of Amazon rose 2.57% Wednesday, sending its market value higher than Microsoft for the first time. The e-commerce behemoth is now the third-largest company in the US, behind only Apple ($849.24 billion) and Google parent Alphabet ($744.73 billion), according to Markets Insider data.

Amazon shares closed Wednesday's session at $1,451, resulting in a market cap of $$602.46 billion — 2.7% larger than Microsoft’s $700.56 billion.

Shares of the 23-year-old Amazon have far outpaced those of the 43-year-old Microsoft in the past year, rising 72% compared with 41%. The rise has made CEO Jeff Bezos the world’s richest person, a title he stole from Microsoft cofounder Bill Gates.

If Amazon continues to rise as high as Wall Street’s average price target — $1,655 according to analysts polled by Bloomberg — it could easily pass Alphabet in terms of market cap.