Amazon surpassed Google to become the fourth largest company in the S&P 500
$Amazon (AMZN.US)$ The stock price of rose on Tuesday, and even after crossing the alphabet on Monday $S&P 500 Index (.SPX.US)$ It maintains its position as the fourth largest company. Probably $Oracle (ORCL.US)$ Maybe I should be thankful for that.
Amazon's stock price is Monday afternoon2.6%It rises, and on Monday2.3%It has risen. With this Monday's rise, Amazon surpassed the alphabet for the first time since April 5 and became America's fourth largest company.
In September $Alphabet-A (GOOGL.US)$ While the stock price of fell 8.7%, Amazon only fell 0.7%. Amazon's market capitalization was above Alphabet by $22 billion as of Monday's closing price, according to Dow Jones market data.
According to Bank of America analyst Justin Post, Amazon provided good news at meetings for investors and showed that the cloud business AWS is making further progress in the AI field, but at the same time, “it is also focusing on balancing expenses and profits.”
There was also good news in Oracle's financial results report. Yes, most of the good news came from Oracle stocks, which rose 12% on Thursday. Along with financial results reports, Oracle and AWS are new cloud products“Oracle Database @AWS”It was announced.
Oracle has already partnered with Microsoft's Azure and Google, but Post points out that the AWS/Oracle deal is beneficial to both companies. He wrote, “Oracle and Amazon have been competing for database customers, so the new partnership shows that there are many benefits for both companies.”
Now, investors are simply content with profits.
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