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Amazon hits $2 trillion in valuation on AI fervor, rate cut bets
Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.
Amazon Becomes Fifth U.S. Company to Hit $2 Trillion Valuation
Amazon.com’s shares rose to make it the fifth U.S. company to cross the $2 trillion valuation, joining other tech giants Alphabet, Apple, Microsoft and Nvidia. The shares rose more than 3.5% in midday trading to cross the threshold.
Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result.
Amazon becomes only the fifth U.S. company to secure $2 trillion market cap
After all the recent attention on Nvidia’s market-capitalization milestones, now it could be Amazon’s time to shine.
Amazon hits US$2-trillion in valuation on AI fervor, rate cut
Amazon ( AMZN-Q +1.60% ) hit $2 trillion in market value on Wednesday, becoming the fifth U.S. company to surpass that level as investors pile into technology-related stocks on optimism around artificial intelligence and potential interest rate cuts.
Amazon hits $2 trillion valuation milestone on AI fervor, rate cut bets
Amazon.com Inc hit $2 trillion in market value on Wednesday, becoming the fifth U.S. company to surpass that level as investors pile into technology-related stocks on optimism around artificial intelligence and potential interest rate cuts.
Amazon surpasses $2 trillion stock market valuation for first time
The milestone valuation comes a little more than a week after chipmaker Nvidia hit $3 trillion and briefly became most valuable company on Wall Street.
Amazon hits $2 trillion market value as AI frenzy fuels rally
Shares rose as much as 3.6% Wednesday to $193.04, pushing the market value to more than $2 trillion. The company is now a member of an elite club of a handful of peers that have surpassed the key market capitalization.
Amazon reaches record close, passes $2 trillion market cap
Victoria Greene, G Squared Private Wealth founding partner, and Charlie Bobrinskoy, Ariel Investments vice chairman, joins 'Closing Bell Overtime' to talk the day's market action.
Alert: Amazon hits a stock market valuation of $2 trillion for the first time
Amazon hits a stock market valuation of $2 trillion for the first time. June 26, 2024
2d
on MSN
Amazon hits $2T in market value for the first time as AI fervor, rate cut bets drive gains
Amazon Web Services is the largest cloud services provider in the world, and growth at the Amazon unit has returned after a ...
2d
Amazon’s Valuation Reaches $2 Trillion Driven by AI and Rate Cut Hopes
Driven by anticipation of further interest rate reduction and the growing buzz around artificial intelligence (AI), Amazon ...
19h
on MSN
AI Frenzy Propels Stocks to Monster First Half
Much as in 2023, investors piled into bets in the first half of this year that the artificial intelligence boom is just ...
3d
AI Race Update: The Tables May Finally Be Turning In Amazon's Favor
Amazon's AWS is gaining ground in the AI race, creating opportunities for growth. Click here to read why AMZN is a stock ...
Gizmodo
8d
Would You Pay Amazon $10 a Month for an AI-Infused Alexa?
A major revamp of the Alexa platform is on the horizon, and it looks as if it’s going to cost you. Eight current and former anonymous employees who worked on Alexa told Reuters that the project ...
Honolulu Star-Advertiser
3d
Amazon hits $2 trillion in valuation on AI fervor
Amazon
hits $2 trillion in
valuation
on
AI
fervor
... The company has also invested in
AI
startup Anthropic and ...
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