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>> Amazon topping $2,000 a share on Thursday, and staring down a trillion dollar evaluation on the stock market, following on the heels of Apple. The e-commerce giant is expanding all over the place, into fresh groceries through its acquisition of Whole Foods last year. And signing up more businesses for their cloud computing services.
Reuters markets correspondent Noel Randewich.>> Just over the past year, Apple stock has gone up something like 37%, which is way more than the S&P 500 would have gone up over a year. But Amazon, which is already almost a trillion dollar company, has doubled in market capitalization just in the last year.
Which is really astounding for a company of it's size. Some of that has to do with the idea that Amazon is viewed by Wall Street as a company that's really still, in a way, just kind of getting going. And it's still a high growth stock, a high growth company.
>> That means Amazon could take over Apple's top spot as the most valuable public company. Apple crossed over into a trillion dollar evaluation in early August. Amazon needs to hit $2,050.27 to get to a trillion dollars, and it's about 2% away from that level. All this amid withering attacks from the White House.
President Donald Trump has repeatedly tried to beat up Amazon, claiming the business is bilking the Post Office. Many of his attacks appear tied to CEO Jeff Bezos' ownership of the Washington Post, which has shed light on numerous White House scandals. And Amazon's rising fortunes come as its tech rivals Google, Facebook, and Twitter suffer fresh attacks this week.
By US president Donald Trump alleging they were trying to silence conservative voices. And on Thursday, US Senator Orrin Hatch asked the Federal Trade Commission to examine potential anti-trust developments in Google search and digital advertising.