Amazon back on cusp of $1 trillion value after seven days of market gain

Amazon.com Inc. is flirting with a $1 trillion valuation again after posting its longest winning streak since briefly surpassing that level in September.

Seven consecutive days of gains boosted the e-commerce giant’s market value to $993 billion as of Wednesday’s close, according to data compiled by Bloomberg. A gain of 0.8% on Thursday pushed the market capitalization slightly above the 13-figure mark.

Amazon has added about $128 billion in market value since the end of May. Nearly half of those gains have come in the past seven days. If the stock’s gains hold on Thursday, it would be the longest