$62 Billion in a single day!
Yes you heard it right, that was how much market value was added to Amazon after earnings were reported.
You can read more Via cnbc.com
The single-day increase is around the market value of FedEx and more than approximately 420 companies in the S&P 500, according to FactSet. Amazon is also now the fourth-most-valuable company in the benchmark index.
This is truly mind blowing, and now makes Jeff Bezos the CEO and founder the richest man in the world.
Is Amazon still a good investment even after such a massive run up? Jim Cramer from CNBC believes it is and you can read more here .
With their recent purchase of Whole Foods, and rumors of Amazon entering the prescription drug market, is there any sector of the industry that they aren’t willing to take on?
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