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Reuters
Amazon surges, eyes Wall Street record gain in value
A day after Facebook owner Meta Platforms suffered the biggest loss of stock market value in history for a U.S. company, Amazon was on track to log the greatest ever one-day increase in value. Shares of the online retail and cloud computing giant surged almost 15% on Friday following its blowout quarterly report, expanding its market capitalization by more than $200 billion as of mid-day. If Amazon’s stock were to close at that level, it would beat Apple’s record $181 billion one-day gain in stock market value on Jan. 28 following the iPhone maker’s own blockbuster quarterly report, according to Refinitiv data.
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