Amazon Hits $2 Trillion in Market Cap
Amazon.com reached a $2 trillion market capitalisation on Wednesday, driven by a 3.3% stock increase to $193.61. This milestone highlights the ongoing surge in tech stock prices, with Amazon's shares up 9% this month, 27% this year, and 49% over the past 12 months. The rise is part of a broader trend, as investors flock to tech companies linked to generative AI. Microsoft leads U.S. companies with a $3.36 trillion market cap, followed by Apple, Nvidia, Alphabet, and Amazon. This tech boom has propelled the Nasdaq Composite up 18% and the S&P 500 up 15% this year. However, some analysts warn of a potential correction due to these high valuations, suggesting the market's heavy reliance on big tech is unsustainable.
Russell Shor
Senior Market Strategist
Russell Shor is a Senior Market Strategist at FXCM, having been promoted to the role in 2025 in recognition of his depth of insight and consistent delivery of high-impact market analysis. He originally joined FXCM in October 2017 as a Senior Market Specialist.
Russell holds an Honours Degree in Economics from the University of South Africa, is a certified FMVA®, and a full member of the Society of Technical Analysts (UK). With over 20 years of experience in financial markets, his work is renowned for its clarity, precision, and strategic value across asset classes.
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