On Tuesday, Amazon briefly became the second publicly traded company after Apple to reach $1 trillion in market cap.

Although the stock closed below the magic number, it’s remarkable how quickly it joined the trillion-dollar club.

The Jeff Bezos-founded company and Apple now make up more than eight percent of the entire value of the S&P 500, CNN quoted senior index analyst for S&P, Howard Silverblatt as saying.

The company’s stock reportedly rose nearly two percent in the morning trading, thereby putting its market value just over the 13-digit territory.

Amazon, in just two decades, expanded far beyond its bookseller beginnings. It has revolutionised how people shop online.

Apple topped the USD 1 trillion mark in early August.

(With inputs from ANI) 


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