Microsoft overtakes Amazon to become the second-most valuable U.S. company

Microsoft Logo at Ignite
Microsoft Logo at Ignite (Image credit: Windows Central)

Microsoft surpassed Amazon to become the second-most valuable U.S. company at $821 billion. As reported by GeekWire, Redmond's market cap hit that amount versus $803 touted by Amazon, but both companies continue to trail behind Apple, which sits above $1 trillion.

The Windows giant enjoyed a better than expected quarterly result this week, thanks in part due to Xbox, cloud services and Surface hardware. It hasn't been a sudden change with Amazon's shares slowly falling due to factors including less-than-ideal earnings.

Microsoft

Interestingly, Microsoft has leaped past Amazon as a competing party in the cloud race with Azure and analysts believe the company will continue further to surpass the big $1 trillion mark. The companies have been neck and neck over recent months alongside Alphabet, but Microsoft appears to be on an upward trajectory.

Rich Edmonds
Senior Editor, PC Build

Rich Edmonds was formerly a Senior Editor of PC hardware at Windows Central, covering everything related to PC components and NAS. He's been involved in technology for more than a decade and knows a thing or two about the magic inside a PC chassis. You can follow him on Twitter at @RichEdmonds.