Amazon Inches Past $1 Trillion Market Cap

Second U.S. Company to Reach Milestone

Milestone Reached Decades After First Tech Bubble

Amazon.com Inc. became the second U.S. company to reach a market capitalization of $1 trillion on Tuesday, joining Apple Inc. in the exclusive club.

The e-commerce giant's stock rose as high as $2,050.27 in morning trading, giving it a market cap of $1.003 trillion. Amazon is now the second most valuable company in the world, behind Apple's $1.024 trillion market cap.

Amazon's rise to the trillion-dollar mark is a remarkable achievement, especially considering that it was founded just 24 years ago. The company has grown rapidly in recent years, thanks to its dominance in e-commerce and its expansion into other areas such as cloud computing and artificial intelligence.

Amazon's achievement is also a sign of the continued strength of the U.S. technology sector. The tech sector has been a major driver of economic growth in recent years, and Amazon's success is a testament to the sector's continued vitality.

The trillion-dollar milestone is a significant one, and it is likely to have a lasting impact on Amazon. The company is now even more valuable than some of the world's largest countries, and it is likely to continue to be a major force in the global economy for years to come.