Congrats! Amazon surpasses $2 trillion in market capitalization for the first time
$Amazon(AMZN.US$ The total market value of reached 2 trillion dollars for the first time. The rise in stock prices due to artificial intelligence (AI) brought this tech giant even closer to record levels.
The stock rose 3.6 percent on Wednesday to 193.04 dollars, and the market capitalization exceeded 2 trillion dollars. The company is currently a member of a few elite clubs in the same industry that have surpassed major market capitalization. Alphabet broke through the $2 trillion milestone in late April, $NVIDIA(NVDA.US$ 、 $Microsoft(MSFT.US$ 、 $Apple(AAPL.US$ The total market value of has exceeded 3 trillion dollars due to the rise.
Amazon's stock price has fluctuated since the announcement of financial results for the first quarter, when the cloud division recorded the biggest increase in sales in a year. Due to the announcement of financial results, stock prices recovered until they surpassed the all-time high recorded in April. Stock prices rose in June, regained their decline from the end of May, and have risen about 27% since the beginning of this year.
The stock price of this giant technology company is in order for the company to reduce costs and make good use of the AI boomReorganize businessAs a result, it has risen over the past year. Furthermore, Amazon Web Services, which is the company's main business, is showing signs of re-acceleration in growth, which is a source of great optimism for investors.
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akii0119 : I have 1 share
akii0119 : Ome-me
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