Investors in big technology stocks have a serious case of whiplash.
com Inc. is on track for the largest-ever one-day gain in market value for a U.S. company–just a day after Facebook parent
Meta Platforms Inc.
suffered the largest-ever loss.
The dramatic moves suggest investors are moving quickly to draw distinctions among the growth prospects of some of the biggest U.S. companies as they reassess their valuations in anticipation of higher interest rates.
Both stocks have surged so far, so fast in recent years that any big move can rattle the broader market and set various records. Amazon is the fourth-biggest company in the U.S. by market value, behind
,
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