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Amazon Passes Alphabet To Become the World's Second Most Valuable Company (cnbc.com)

Posted by BeauHD on from the steady-as-she-goes dept.

Amazon has passed Alphabet to become the second most valuable company in the world. Apple remains the only other company more valuable than Amazon. CNBC reports: The e-commerce giant rose 2.7 percent on Tuesday lifting its stock market value to $768 billion. Alphabet, the parent of Google, fell 0.4 percent and is now valued at $762.5 billion. While the U.S. tech mega-caps have rallied in the past year, Amazon's performance has dwarfed them all, with the stock surging 85 percent over the past 12 months, including 35 percent to start 2018. Investors have been piling into Amazon, betting that the company's growing and very profitable cloud computing business will provide the cash needed for investments in original content, physical stores and continuing to build data centers and warehouses.

12 of 33 comments (clear)

  1. The A list by XXongo · · Score: 3, Funny
    Wait, so it's Apple, then Amazon, then Alphabet?

    Apparently you need to have a company starting with "A" to be on the most-valuable list.

    1. Re:The A list by DontBeAMoran · · Score: 2

      The Triple A-Team!

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    2. Re:The A list by dgatwood · · Score: 1

      It's reverse-alphabetical. Or something. Just wait. Azure Systems will leave them all in the dust in a few years.

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    3. Re:The A list by ocsibrm · · Score: 1

      So you're saying AZZZZ Best has a chance.

    4. Re: The A list by haonlladdis · · Score: 1

      You can add Chinese-based Alibaba to that list there.

    5. Re:The A list by Ed+Avis · · Score: 1

      The most valuable company is surely Aramco, or more correctly Saudi Aramco, valued at between 2 and 10 trillion dollars. It still begins with A, more or less. The headline should have talked about the second most valuable *listed* company. Although a small part of Saudi Aramco shares is expected to be listed soon.

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      -- Ed Avis ed@membled.com
  2. No second most valuable companu by hashish · · Score: 2

    Second most valuable listed company; for example Saudi Aramco is worth more.

  3. There's always next time by Impy+the+Impiuos+Imp · · Score: 3, Funny

    Will someone please tell me what stock to buy when they're still tiny?

    Dammit, you people are useless.

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    1. Re:There's always next time by serviscope_minor · · Score: 1

      Will someone please tell me what stock to buy when they're still tiny?

      Sure. How about uh... one mo... let me fill some forms... and submit..., yep ServiCo Inc.

      It's very tiny, and you can buy 10% of it for the low, low price of $100,000. Just think how much that'll be worth if it gets to a 700 billion dollar market cap.

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      SJW n. One who posts facts.
  4. Let Amazon merge with Alphabet by Anonymous Coward · · Score: 1

    We're pretty close to having our own Weyland-Yutani.

  5. Re:Why? by gravewax · · Score: 2

    both are massively over valued, but amazon more so. Google has a PE ratio of around 60, Amazon is around 250. Those are insane numbers that were worthy of the pre dotcom bust.

  6. Re:Why? by david_thornley · · Score: 1

    A P/E ratio of 60 isn't outlandish if there's reason to expect massive growth (which I don't expect out of Google/Alphabet, but that's another issue). I'm keeping an investment in a company with a 60 P/E because I'm confident of lots of growth. Apple's got a quite reasonable P/E, but I have no confidence in Apple's future, so it's less tempting.

    My stock market app shows Facebook at around a 30 P/E, not 250, which is quite reasonable if the company is expected to grow significantly.

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