Microsoft reclaims spot as 2nd most valuable US company, pushing Amazon to 3rd

Apple may still reign as America's most valuable company, but now there's a new No. 2 in town.
Microsoft surpassed Amazon to once again become the second most valuable U.S. company on Friday, the Financial Times reports. The company just unveiled a standout quarter, saving it from a massive selloff that slammed Amazon and other tech stocks.
On Wednesday, Microsoft revealed that it exceeded third quarter profit expectations thanks to its cloud computing business, Reuters details. Shares have since risen nearly four percent, producing an estimated $823 billion valuation on Friday. Meanwhile, Amazon's quarterly results didn't look as good, causing shares to drop and leaving the company with an $805 billion valuation on Friday.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Even with a not-so-bright future foreshadowed by the last quarter, Amazon's share valuation is still up 40 percent so far this year, Reuters notes. Microsoft's is only up 25 percent. Meanwhile, Apple crossed the $1 trillion mark in September and hasn't dropped below it since. Its third quarter results are still forthcoming.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.
-
Superboys of Malegaon: 'uplifting' Indian love letter to scrappy filmmaking
The Week Recommends 'Feelgood' comedy about a group of friends who make their own versions of Bollywood hits
By The Week UK Published
-
The week's best photos
In Pictures Rio’s dirtiest party, a pancake-flipping race, and more
By Anahi Valenzuela, The Week US Published
-
Properties of the week: residences for croquet enthusiasts
The Week Recommends Featuring homes in Devon, Dorset and Oxfordshire
By The Week UK Published
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published