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.
-
5 jumbo-sized political cartoons about Qatar's 'gift' to Trump
Cartoons Editorial cartoons feature artists' takes on Donald Trump's visit to the Middle East.
-
Broccoli and cashew stir-fry recipe
The Week Recommends This nutty dish is a satisfying vegetarian option
-
The UK-US trade deal: what was agreed?
In Depth Keir Starmer's calm handling of Donald Trump paid off, but deal remains more of a 'damage limitation exercise' than 'an unbridled triumph'
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
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
-
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