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Amazon becomes the fifth company to reach a $3T market cap, joining Nvidia, Alphabet, Microsoft, and Apple; its stock closed up 4.58% on Monday (Jeran Wittenstein/Bloomberg)

Techmeme 5 hours ago 64 min read ↗ Original

WHY IT MATTERS

Engineers who hold Amazon stock or equity awards see the value of those holdings increase with the share price gain. The milestone places Amazon alongside a small set of firms whose scale reflects sustained investor confidence in its infrastructure and services.

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The three things worth knowing

Amazon joined Nvidia, Alphabet, Microsoft, and Apple as the fifth company to reach a $3 trillion market cap.

Its stock closed the trading session up 4.58% on Monday.

The achievement was reported by Jeran Wittenstein of Bloomberg.

THE CLUSTER

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Techmeme Amazon becomes the fifth company to reach a $3T market cap, joining Nvidia, Alphabet, Microsoft, and Apple; its stock closed up 4.58% on Monday (Jeran Wittenstein/Bloomberg) 5 hours Open ↗