Amazon is bigger than Microsoft for the first time (AMZN, MSFT)

Amazon’s market value passed that of Microsoft for the first time Wednesday. Amazon is now the third-largest company in the United States.

Shares of Amazon rose 2.57% Wednesday, sending its market value higher than Microsoft for the first time. The e-commerce behemoth is now the third-largest company in the US, behind only Apple ($849.24 billion) and Google parent Alphabet ($744.73 billion), according to Markets Insider data.

Amazon shares closed Wednesday’s session at $1,451, resulting in a market

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