By Noel Randewich

(Reuters] – Amazon (NASDAQ 🙂 saw the most significant one-day gain in its stock market values in the history of the United States, just a day after Meta Platforms (NASDAQ:), owner of Facebook (NASDAQ 🙂 had suffered the worst loss of stock value for a U.S. corporation in the past.

The shares of this online retailer and cloud computing company surged nearly 15% Friday after its quarterly blowout report. This boosted its market capitalization to more than $200 billion by midday.

According to Refinitiv data, Amazon stock would close above that value if it were to surpass Apple’s $181 billion record one-day stock market gain on Jan. 28, following Apple’s quarterly blockbuster report.

Amazon’s current value is $1.6 trillion. Its stock market value was $653 billion on Friday when Meta Platforms saw their stock drop an additional 2%.

Amazon shares rose after the company announced better-than-expected profit on Thursday. It also said that it would increase its U.S. Prime subscriptions’ price by 17%.

Amazon’s stock price surge comes just days after Meta Platforms plunged to more than $200Billion in one-day losses. This was after the dismal prediction of the social media giant.

Brian White, Monness Crespi Hardt analyst, wrote in a research paper that “After fighting against the post-lockdownblues in 2021,” he said. Amazon has the unique position to be one of many beneficiaries of this accelerated digital transformation and emerge from this crisis.

According to Refinitiv, Apple, Microsoft (NASDAQ) and Alphabet, the Google-owned Alphabet (NASDAQ) are still Wall Street’s most valued companies with market capitalizations at $2.8 trillion, $2.3 billion and $1.9 trillion respectively.