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Quality US tech valuations could push higher still

Quality US tech valuations could push higher still

For a moment, Jeff Bezos became the richest man in the world. As Amazon’s share price soared to its all-time high ahead of its second-quarter results, its founder and chief executive – who owns 17 per cent of the company – saw his personal wealth overtake that of Microsoft’s (MSFT) top dog Bill Gates. But by the time Mr Bezos had finished informing shareholders of another period of investment, which he thinks will slow profit growth, the share price of the e-commerce-cum-tech giant had fallen back.

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