Jill Goldsmith Co-Business EditorApple became the world’s most valuable company Friday, dethroning state oil giant Saudi Aramco, and Amazon founder-CEO Jeff Bezos saw his net worth surge, as the stocks jumped following a round of stellar tech earnings.Apple and Amazon (along with Facebook and Google parent Alphabet) all reported second-quarter numbers after the market closed Thursday showcasing financials that blew past Wall Street’s expectations and appeared to withstand the economic ravages COVID-19.
Apple surged more than 10% to close above $425 with a market cap of $1.84 trillion overtaking Saudi Aramco, at $1.76 trillion, as the world’s most valuable company — one that’s pushing towards a market capitalization of $2 trillion.
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