At $993 bn, Amazon just a whisker away from touching $1 trn valuation again

Amazon.com Inc is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September.

Seven consecutive days of gains have boosted the e-commerce giant’s market value to $993 billion as of Wednesday’s close, according to data compiled by Bloomberg. A gain of less than 1% for the stock would push the market capitalization above the 10-figure mark.

Amazon has added about $119 billion in market value since the end of May. Nearly half of those gains have come in the past seven days, which comprises Amazon’s longest string of advances since