You’ve heard it a hundred time before, but the run that Amazon.com (AMZN) has had over the last year or so, leaves all other accomplishments in the dust. Since the start of 2017 alone, the stock has more than doubled. That’s impressive enough in its own right, but for mega-cap companies, that kind of move is unheard of.Heading into 2017, AMZN had the sixth largest market cap in the S&P 500 at $356.3 billion. Today, the company’s market cap has swollen to $774.2 billion for an increase of just under $418 billion and making it the third largest company in the index behind Alphabet (GOOGL) at $814 billion and Apple (AAPL) at $924 billion. Additionally, there are only six companies in the S&P 500 that currently have a market cap that is greater than the market cap that AMZN has added since just the start of 2017!That’s a lot of rockets for Jeff Bezos to fly to space.
The table below lists the ten stocks in the S&P 500 that have seen the greatest increase in market cap since the start of 2017. AMZN is the clear leader on the list with a lead of more than $100 billion over AAPL, which has gained an impressive $306.4 billion over that same time period. Outside of these two companies, another six stocks have seen their market cap increase by more than $100 billion. In total, the ten companies listed below which have seen the largest increase in market cap since the start of 2017 have added just over $2 trillion to their combined market cap, which works out to more than 40% of the total increase in market cap for all the stocks in the S&P 500 during that same span. On a final note, it is a striking coincidence to note that the first letter of the four tickers that have seen the greatest increase in market cap since the start of 2017 make up the acronym MAGA!
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