Amazon Could Quickly Become the First $2 Trillion Company, if This Doesn't Happen First
On March 12, Amazon.com (NASDAQ: AMZN) was worth $834 billion. That's a hefty sum. But what happened next is unprecedented. The stock climbed 60%, adding $450 billion in value. How much is that? It's more than Tesla, Toyota, and General Motors are worth combined -- all created in 12 weeks!
But that's not even the craziest thing. We thought it was a big deal in August 2018 when Apple hit $1 trillion. But if Amazon stock jumps another 60%, it will become the first ever to hit $2 trillion: the largest of all large-cap stocks. And I think it will be exceedingly easy for Amazon to do...if the government doesn't stop it from happening first.
Image source: Getty Images.
Source Fool.com
