Microsoft and Amazon combined to see a $424 billion market-cap boost — and these factors show why
Summary
Shares of Microsoft and Amazon experienced significant growth on Wednesday, contributing to a massive combined market capitalization increase. Market experts point to a tightening supply within the cloud sector as a potential catalyst that could allow both tech giants to increase their service prices.
Microsoft and Amazon shares rose sharply on Wednesday, with one portfolio manager noting that a cloud-supply crunch could help the companies raise prices.
Source: Read the full story at MarketWatch.com - Top Stories
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