Move over Microsoft.Amazon is now the biggest company in the state of Washington -- and third largest in America.


Amazon’s market value soared above $685 billion, making the Jeff Bezos-led giant worth more than Microsoft for the first time ever.Microsoft’s market value currently stands at $684 billion.


Amazon (AMZN) now trails only Apple (AAPL), which has a market cap of about $815 billion, and Google owner Alphabet (GOOGL), valued at $750 billion.(AMZN)(AAPL)(GOOGL)


These tech giants are all in a race to the magical trillion dollar level, a height that no U.S. company has topped as of yet.


But Amazon clearly has the most momentum.Its stock has soared nearly 21% this year, well ahead of the gains of Alphabet and Microsoft.Apple’s stock has fallen year-to-date.


Bezos has already passed Microsoft (MSFT) co-founder Bill Gates as the wealthiest person on the planet back in October, according to Forbes and Bloomberg.Bezos is now worth $116 billion, nearly $25 billion more than Gates.


Berkshire Hathaway (BRKB) CEO Warren Buffett and Facebook’s (FB) Mark Zuckerberg rank third and fourth in the world’s richest rankings.