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Amazon cracks US$1 trillion value, but then rows back

Retail behemoth only the second company to surpass the high mark for stock valuation
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Amazon.com stock has been on a tear recently, moving past US$2,000 per share

Amazon.com Inc (NASDAQ;AMZN) briefly jumped over the US$1 trillion level, becoming the second US company after Apple Inc (NASDAQ:AAPL) to have a market value over the psychological level.

Shares of Amazon hit an all-time record of US$2,050.50, pushing the value of the retail behemoth over the level before easing back to trade at US$2,034.97, up 1.12% on the day.

READ: Amazon upgrade by Morgan Stanley could make it second US company with US$1 trillion valuation

The retail giant has been on a tear, moving past the US$2,000 mark as upgrades inspired further investor buying in the stock.

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