Microsoft overhauls Amazon to be the second most valuable United States Company
Microsoft | Image source: GSMarena

San Francisco: Microsoft Corporation succeeded as the second most valuable American company on Friday, after a frustrating weekly report from Amazon.com with an earning of $ 65 billion from the online retailer's market capitalization.

As we all know Amazon was the first company to cross $ 1 Trillion but after crossing that target in September, Apple Inc. topped the list with more than $ 1 trillion. 

According to the report, Microsoft will become the third $ 1 Trillion company and it also will crush both Apple and Amazon very soon due to super growth and development.

Microsoft has seen a wider 1.1 percent decline in a huge technology sales, which was driven by a relatively weak report from Google-parent Alphabet Inc, causing the NASDAQ overall index to fall by 1.9 percent at the end of Friday afternoon.

Microsoft's stock lasted nearly 4 percent since Wednesday when a 40 years old software company defeated one fourth the profit expectations by its cloud computing business, which competes with Amazon.

For the first time since April, Microsoft's stock market value was $ 823 billion on Friday, quite more than Amazon, when it left its place as the second largest company by market capitalization.

On Friday, The value of Amazon was $ 805 billion, after falling below Microsoft's expanded business on Thursday. The drop was equal to the summation of both the values of Target Corp and Corning Inc.

Amazon has been collapsed and reached the loss up to 40 percent of the year till today, while Microsoft has earned about 25 percent in 2018. On Wednesday, Amazon's stock was trading at 70 times the expected income, which is the lowest level since 2011.

The average analyst value for Microsoft keeps its market cap at $ 963 billion, while the average value target for Amazon is $ 1.068 trillion. It is very close. So just wait and watch the battle between Apple, Microsoft and Amazon.

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