it’s now worth more than AMD and General Electric


Zoom Video stock rallied again on Monday  this time by nearly 9% to set a new record high  valuing the incumbent video conferencing app well beyond the likes of Advanced Micro Devices (AMD) and Uber.

Indeed, Zoom‘s market cap swelled to hit $67.43 billion yesterday, buoyed by continued market optimism for ‘stay-at-home’ stocks that also drove the wider NASDAQ 100 (NDX) index up 1.17%.

[Read: United Airlines just got kicked out of the NASDAQ 100 by a company that helps you sign PDFs]

But to say that Zoom has simply outperformed the market is a severe understatement. The company’s stock is up 250% since the start of the year (from $68.72 to $239.02) and has returned 45% in the past month alone.

For scale, the chart below includes fan favorite Tesla, whose stock has surged 130% in 2020, a stellar performance in its own right. Tesla’s pumps almost look silly compared to Zoom‘s mega-surges.