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Wall Street sees Amazon rejoining the trillion-dollar club later this year

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Jeff Bezos CEO of Amazon.

Joe Klamar | AFP | Getty Images

There’s an exclusive club on Wall Street and it might let Amazon back in this year.

The so-called trillion-dollar club, which includes tech giants Apple, Microsoft and now Google-parent Alphabet, is the group of companies with a market value of $1 trillion or more. Apple has a market value of $1.38 trillion, Microsoft has a market value of $1.27 trillion and the group’s newest member, Alphabet, has a market value around $1.0 trillion.

Trailing closely behind is Jeff Bezos-led Amazon. The e-commerce giant currently has a market cap of $931 billion, but analysts on Wall Street are betting Amazon will be back in the club soon.

The average…



Source cnbc.com

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