The US Now Has 3 Companies with Market Caps Over $1-T

$APPL $AMZN $MSFT

Companies have moved in and out of the $1-T market cap club since Apple Inc. (NASDAQ:AAPL) created it in August 2018.

Despite the stock market’s recent waterfall and come back, 3 companies have shares that trade so that their values are above the $1-T mark: Apple, Amazon and Microsoft.

It is easy to see why Amazon.com Inc. (NASDAQ:AMZN) is in the group. Its e-Commerce success is driven by the need for goods that people cannot shop for in stores since so many stores have closed.

Much of its competition has been plowed under by the virus chaos lockdowns.

This includes Macy’s, Nordstrom and Gap, along with hundreds of smaller retailers. Amazon says it plans to add 100,000 workers. Some of these will be replacements for workers who have had to leave Amazon facilities because of illness.

Amazon will add to its American retail market share over the next several months. Amazon’s Prime subscription service gives shut-in Americans hundreds of films and TV shows to watch.

This means Prime membership is growing. The company’s market cap is $1.18-T so far.

Microsoft Corp.’s (NASDAQ:MSFT) cloud computing business has begun to rival Amazon’s in size. The public cloud computing business worldwide represents a market valued at nearly $225-M.

Microsoft’s server software dominated that sector, and its operating system powers almost all non-Apple personal computers, laptops and tablets.

It has a robust hardware business driven by tablet and Xbox sales. Its search engine, Bing, is one of the largest in the world. The company’s market cap is $1.36-T.

While none of the 3 is immune from a cratered economy, each already has shown that parts of its business are essential to the economy. That means their market values will stay high.

Have a healthy week, Keep the Faith!

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