Amazon’s market value was about $ 790 billion Monday morning, compared to Microsoft’s $ 785 billion. Apple, which had been part of a close three-way race for the seat, is now down to about $ 694 billion in market value after plunging last week on the news of its weak iPhone sales. Google parent company Alphabet has surpassed Apple with a market value of about $ 740 billion.
Amazon’s stock was up about 2.7 percent on Monday, trading around $ 1,618 per share, while Microsoft was up just about half a percent at around $ 102 per share. Microsoft announced Monday it was working with Kroger to take on Amazon’s cashierless Amazon Go stores with its own take.