Amazon's stock market value reached $2 trillion for the first time, driven by rising shares and AI/cloud computing focus.
Amazon's stock market value reached $2 trillion for the first time during trading on Wednesday, driven by rising shares and an increased focus on AI and cloud computing. This milestone highlights the company's continued success and its position among major players in the global tech industry. The surge in tech stocks, partly fueled by potential Federal Reserve interest rate cuts, has bolstered Amazon's overall growth and value.
June 26, 2024
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