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Amazon hits $1 trillion market cap

Amazon CEO Jeff Bezos smiling.
Amazon CEO Jeff Bezos. Photo: David Ryder/Getty Images

Amazon hit $1 trillion in market value on Tuesday, the second publicly-traded U.S. company to cross that mark.

Why it matters: The e-commerce giant's milestone comes about one month after Apple became the first $1 trillion company. Tech companies like Amazon and Apple have helped power the Nasdaq to record highs