By Reuters Feb 5, 2022 10:04:54 AM IST (Published)
Amazon shares surged 13.5 percent on Friday following its blowout quarterly report, expanding its market capitalization by around $190 billion by the end of trading.
A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a US company, Amazon logged the greatest ever one-day increase in value.
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Shares of the online retail and cloud computing giant surged 13.5 percent on Friday following its blowout quarterly report, expanding its market capitalization by around $190 billion by the end of trading.
That beat Apple Inc'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.