Big Tech is getting even bigger

Jun. 11, 2020 5:14 AM ETApple Inc. (AAPL), MSFT, AMZN, GOOG, GOOGLAAPL, GOOG, AMZN, MSFT, GOOGLBy: Yoel Minkoff, SA News Editor20 Comments
  • While the broader market sold off yesterday, a surge into tech stocks ensued in the face of economic uncertainty and social unrest.
  • The market caps of both Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT) crossed $1.5T for the first time, while Amazon (NASDAQ:AMZN) reached a market valuation of $1.3T and Alphabet (GOOG, GOOGL) topped the $1T level for the first time since February.
  • Driving the excitement has been an acceleration in the adoption of e-commerce, a shift to cloud computing and remote work, and the companies' rock solid balance sheets and global user bases.

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