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

Microsoft.
(Image credit: iStock)

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.

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Kathryn Krawczyk

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.