Amazon's market capitalization is increasing rapidly, which has now crossed $ 1.5 trillion. The company's stock rose on Monday. The stock touched the $ 3,000 level for the first time. After which there has been a significant increase in the market valuation of the company. The demand for Amazon's online delivery service and cloud computing services has increased significantly due to restrictions related to Kovid-19. According to a report by CNBC, some investors have expressed the hope that the company's stock will rise further in the coming day.
Nancy Tangler, Chief Investment Officer at Lafer Tangler Investments, told CNBC, "It is not very cheap nor very expensive. According to reports, Tangler said, "The company is benefiting from the tremendous growth in sales. It has registered an increase of 26 percent on an annual basis and this has supported the price at this level.
Jeff Bezos can become the first person in the world with a wealth of one trillion dollars by 2026. In 2026, Bezos will be 62 years old. This study says that despite losing $ 38 billion in recent divorce, Bezos is far ahead of his other rich people in the list of world's richest people. In the last five years, Bezos' wealth has increased by an average of 34 percent.
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