Shares of Amazon.com Inc. (AMZN) rocketed to a new intraday record before paring some gains, but was still on track to leapfrog Google-parent Alphabet Inc. (GOOGL) into third place as the largest U.S. company based on market capitalization after the e-commerce and cloud giant reported blowout fourth-quarter results ( ). The was up as much as 9.9% to an intraday high of $2,055.72, above the previous intraday record of $2,050.50 on Sept. 4, 2018. The stock, now up 8.1%, is currently below the Sept. 4, 2018 record close of $2,039.51. The market cap is at $1.002 trillion, fractionally above Alphabet's, but still well below Microsoft Corp. (MSFT) at $1.306 trillion and Apple Inc. (AAPL) at $1.402 trillion.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
January 31, 2020 09:42 ET (14:42 GMT)
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