Prediction: Amazon Will Surpass Microsoft's Market Cap and Join the $3 Trillion Club By the End of Summer
Amazon has twice as much ground to make up as Microsoft to become the market's fourth $3 trillion company. Don't bet against it.
Prediction: Amazon Will Surpass Microsoft's Market Cap and Join the $3 Trillion Club By the End of Summer
Overview
The market cap gap between Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) is narrowing. Amazon's 6% climb this year may not seem like much. It's not close to beating the market. However, Microsoft's 22% year-to-date drop is bringing the two titans surprisingly close.
Amazon's market cap enters this week at $2.6 trillion. Microsoft has fallen to $2.8 trillion. Simple math suggests that Microsoft will return to the $3 trillion market-cap club first, joining three other "Magnificent Seven" stocks already there. But I don't think it will play out that way. Amazon has the stronger case for passing up Microsoft on the open road, hitting the round $3 trillion mark first. And I think it can happen later this summer.
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Originally published at www.fool.com.
