'Jeff Bezos, Amazon.com's founder and CEO PHOTO: ZUMAPRESS.COM By Chris Dieterich Oct 27, 2017 11:28 am ET 5 COMMENTS Soaring gains for a quartet of internet and technology titans added more than $150 billion in market value to the stock market Friday as a round of blow-out quarterly results renewed enthusiasm for some of 2017’s highest stock-market flyers. Amazon.com jumped 11% in recent trading, adding more than $51 billion to its roughly $520 billion market value, after strong quarterly sales and profit beats. Amazon’s surge drove its share price to $1,070 and within striking distance of a record high notched back in July. Microsoft darted 8.1% higher, adding more than $46 billion to its market value, after the software giant said revenues surged. Shares were on pace to close at a record as the company’s market value hit $650 billion. Shares of Google’s parent company, Alphabet jumped 6.3% to add more than $41 billion to its market. The surge means that Alphabet’s market value to surpassed $700 billion, after posting reported booming quarterly growth. Alphabet’s stock price was on pace to close at a record. Meantime, chip-maker Intel shot up 5.5%, adding more than $11 billion in market value, after quarterly sales beat Wall Street’s expectations and the company raised its full-year outlook. That stock was on pace to close at its highest price since 2000. Friday’s stock price gains are reordering the list of the world’s wealthiest. Amazon founder Jeff Bezos, who still owns 17% of the company, gained $9.7 billion around mid-day, pushing him into the top spot above Microsoft founder Bill Gates, according to Forbes. Mr. Bezos had $92.6 billion in net worth while Mr. Gates had $89.9 billion. Mr. Bezos had briefly jumped into the top spot on July 27 as Amazon’s stock rose ahead of quarterly results. Facebook founder Mark Zuckerberg, the world’s fifth wealthiest man, was also up about $3 billion on the day at a net worth of nearly $74 billion. Big gains for each stock propelled the PowerShares QQQ exchange-traded fund, which tracks the Nasdaq-100 Index, to its biggest one-day advance of the year. That ETF, which owns outsize stakes in each of the tech giants, added 2.3% in recent trading. Investors have gravitated to big internet stocks all year, favoring companies with disruptive business models that can grow market share regardless of underlying economic conditions. Huge demand for internet and tech stocks Friday affirms that investors are thirsty for shares of growth companies even as the global economy shows signs of improvement.' HE IS NOW THE WORLD'S WEALTHIEST MAN