Microsoft switches seats with Amazon as the second most valuable US company

October 27th, 2018   decode   news

Microsoft just regained its position as the second most valuable US company by market capitalization after losing it to Amazon back in April this year. The news comes after Microsoft reported good quarterly profit driven by its cloud computing business whereas Amazon lost $65 billion off of its market cap.

Apple still tops the charts with over $1 trillion value followed by Microsoft and Amazon. The latter’s shares dropped 7% after missing targets on its holiday season sales. Microsoft is now valued at $823 billion – well above the $805 billion market cap of Amazon.

Apple is going to…

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