(Bloomberg) -- If its pre-market trading holds up, Amazon.com Inc (NASDAQ:AMZN) is about to break a bigger record than just its own peak share price.
The largest U.S. e-commerce company saw its shares jump by more than 10% after Thursday’s earnings report crushed Wall Street estimates. If that gain stands through Friday’s close of trading, the company could see its market capitalization surge by more than $90 billion, and push the total value above $1 trillion -- a level the stock has flirted with intraday, but never held through the market close.
That’d be the biggest single-day gain on record for a U.S. company, according to data compiled by Bloomberg. The previous record was $78 billion, set by Alphabet (NASDAQ:GOOGL) Inc. on July 26, after its shares surged on its own strong results and a $25 billion share-buyback program.
To be sure, with markets near all-time highs, marks such as this are bound to be challenged. But it’s also not an everyday event when one of the largest companies in the world gains 10% or more in a single session. Over the last five years, the six companies in the S&P 500 Index with current market caps exceeding $500 billion have had just 10 such days combined. Today would be the 11th such occurrence, and the fourth time Amazon (NASDAQ:AMZN) has done so, the most of any company in the group.