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Amazon Hits $3 Trillion Market Cap for the First Time as Stock Heads Toward Record
Barrons.com53d agoneutral
Amazon Hits $3 Trillion Market Cap for the First Time as Stock Heads Toward Record

Amazon shares jumped 5.3% to $285.73 Monday and were on pace for a new all-time closing high, according to Dow Jones Market Data. Amazon also hit a market value of $3 trillion for the first time ever on Monday. It’s the fifth company to reach this milestone, after Apple Microsoft Nvidia and Alphabet Amazon first closed above a $1 trillion market cap on Feb. 4, 2020 and notched a $2 trillion market cap on June 26, 2024.

The Toll of Apple’s Losing Streak
The Wall Street Journal53d agoneutral
The Toll of Apple’s Losing Streak

$500 billion That's the approximate amount of market cap lost by Apple since its four-session losing streak started Wednesday. The iPhone maker had just reclaimed its market-cap crown earlier in the week, but it has now slipped back to third among U.

IBM’s Quantum Bet Just Got Bigger—What the HRL Deal Means for Investors
Insider Monkey53d agoneutral
IBM’s Quantum Bet Just Got Bigger—What the HRL Deal Means for Investors

The quantum computing field is continuing to advance. This can be seen from companies diversifying their strategies and governments getting more involved in funding the efforts. It’s against this backdrop that International Business Machines Corporation (NYSE:IBM) has agreed to acquire HRL Laboratories from Boeing Co. (NYSE:BA) and General Motors Co. (NYSE:GM). HRL Laboratories is a […]

SpaceX Stock Hits Record Low—New Month, Same Problems Ahead of Earnings
Barrons.com54d agoneutral
SpaceX Stock Hits Record Low—New Month, Same Problems Ahead of Earnings

SpaceX stock hit a new low before recovering in early trading on Monday, leaving investors wondering when the selling pressure will end. A strong market at the start of a new month might be helping, although little has boosted the shares these days. Coming into Monday trading, SpaceX stock was down about 20% from its $135 IPO price, down about 46% from a record closing high of $201.80, and down 52% from its all-time intraday high of $225.64.

Amazon Gets Upgraded to the $3 Trillion Club
The Wall Street Journal54d agobullish
Amazon Gets Upgraded to the $3 Trillion Club

Amazon shares jumped 5% this morning, propelling the company to a $3.08 trillion market valuation. The gain comes on the heels of a 15% jump on Friday, when Amazon stock had its best day in years after investors liked what they saw in its latest report card.

Bloomberg54d agoneutral
Amazon Joins Elite List of Stocks to Top $3 Trillion in Value

(Bloomberg) -- Amazon.com Inc. surpassed $3 trillion in market value for the first time, becoming only the fifth company to ever reach the milestone.Most Read from BloombergTrump Says US to Hold Off Iran Attack If Deal AgreedAlibaba Adds to China AI Breakthroughs With New Qwen Model Saudi Prince Concerned Over Trump’s Iran Strike Plan: AxiosTrump Says Iran Talks to Begin Monday After Scrapping AttackStocks Join Bonds Higher as US-Iran Hopes Sink Oil: Markets WrapThe e-commerce and cloud-computin