Amazon Touches $1 Trillion Valuation Club

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Amazon on Tuesday became the second company to touch the lofty market capitalization of $1 trillion,   Apple hit the $1 trillion mark on Aug. 2

Shares of Amazon giant rose 1.9 percent to a high of $2,050.50 in morning trading. Amazon stock has doubled in price over the past year.

Apple took almost 38 years as a public company to achieve the trillion dollar milestone, while Amazon got there in 21 years.

Founded by Jeff Bezos n July 5, 1994. $1,000 invested in the company during its IPO in 1997 is now worth $1.4 million.