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- Amazon has returned to the trillion-dollar market-cap club as it continues to rebound after a dismal 2022.
- The boost to Amazon's market cap comes alongside the resurgence of Big Tech stocks this year.
- Securities firms including JMP, Truist and Evercore continue to predict further upside for the stock.
Amazon has reclaimed its place in the highly exclusive club of companies with market cap exceeding a trillion dollars, in a sign of Big Tech's resurgence that some analysts expect to extend.
Shares in the retail giant are up 18% this year, after a dire 2022 where prices fell 50% in the face of high inflation, rising interest rates and falling investor confidence. The Amazon stock traded around $99.20 at last check on Wednesday.