Amazon Reaches $2 Trillion Market Cap Amid AI-Driven Surge
The e-commerce giant joins an elite group of tech companies, driven by AI advancements and strategic cost-cutting.
- Amazon's stock rose nearly 4%, closing at $193.61 and pushing its market value above $2 trillion.
- This milestone follows a 27% increase in Amazon's stock this year, buoyed by AI investments and cost reductions.
- Amazon Web Services (AWS) has shown renewed growth, contributing to the company's financial resurgence.
- Founder Jeff Bezos's net worth has climbed to $216 billion, making him the world's second-richest person.
- Amazon joins Microsoft, Apple, Nvidia, and Alphabet in surpassing the $2 trillion valuation mark.
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