Amazon delivered a new milestone today after its shares hit US$1,500 ($2,051) for the first time, according to Thomson Reuters data.
The digital retailer's year-to-date shares have advanced 28 per cent, after climbing 55.9 per cent in 2017, according to the Financial Times.
The gains come as the Seattle-based company has benefited from the disappointing quarterly results delivered by Walmart, the world's biggest retailer by sales, according to the Financial Times.
Amazon also continued its dominance over the holiday period, grabbing 89 per cent of the online spending market among retailers, before the successful opening of its first Amazon Go store in January.
Amazon Go, a grocery store located in Seattle, allows customers to purchase products without having to que or use a checkout station.