
Shares of Amazon rose nearly two percent to a high of 2,050.50 dollars apiece in morning trading, bringing it to reach the record valuation.
The stock needed to hit a price of 2,050.27 dollars to reach the 1-trillion-dollar milestone based on its share count, according to the company's recent quarterly report in July. The stock retreated a bit after the record high and traded at a price of 2,036.04 dollars around midday.
U.S. tech giant Apple reached the trillion-dollar cap in early August after the iPhone maker posted a strong quarterly report. It took Amazon about five weeks to catch up. The two Silicon Valley giants had been racing to the trillion-dollar valuation.
Latest comments