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Will Amazon Be the Largest Company in the World at the End of 2023?

TheMotleyFool

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Will Amazon Be the Largest Company in the World at the End of 2023?: https://g.foolcdn.com/editorial/images/716563/e-commerce.jpg

2022 was a tough year for Amazon (NASDAQ: AMZN). Shares of the tech giant were down almost 50% last year, which was more than double the losses for the broad market S&P 500 Index. However, through the first few weeks of 2023, this downward trajectory has reversed, with shares of the stock up 16.8% year to date as of this writing.

The stock now has a market cap of over $1 trillion, making it the fourth most valuable U.S.-listed company. Apple, the largest company in the world by market cap, is worth $2.1 trillion.