Quote:Following the reveal of spectacular Q4 2017 results earlier this month, the company's share price has been on an overall upward trend and rose by 2.57% this Wednesday to reach $1,451. That put the online retail giant's market valuation at $702.46 billion, trailing behind Apple ($849.24 billion) and Alphabet ($744.73 billion), respectively.

While Microsoft's share prices too made some gains and climbed 1.6%, the Redmond giant simply could not keep up with Amazon, ending the day with a share price of $90.81 and a resulting valuation of $699.22 billion.
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Some analysts estimate the company is expected to keep rising in the ranks and, if this trend continues, Amazon could even overshadow Google parent Alphabet to become the second-most valuable company in the world.