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Amazon (AMZN) stock rose to record highs in the days following Donald Trump’s election as the 47th U.S. president. AMZN is currently the fourth biggest U.S. company in terms of market cap, trailing only Apple (AAPL), Nvidia (NVDA), and Microsoft (MSFT). In this article, we’ll discuss what Trump’s return to the White House means for Amazon, and whether the company can join the league of $3 trillion companies under his presidency.
To begin with, Trump has proposed many policies, some of which are music to corporate America’s ears – the tax cuts, for instance. Then there is the somewhat controversial Department of Government Efficiency (DOGE), which is tasked with advising the president on cutting “wasteful spending.” It also has the mandate to advise Trump on ways to "slash excess regulations.”
