Amazon hits $2T in market value for the first time as AI fervor, rate cut bets drive gains

  • 📰 nypost
  • ⏱ Reading Time:
  • 37 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 39%
  • Publisher: 67%

Business أخبار

Tech,Amazon,Artificial Intelligence

Amazon Web Services is the largest cloud services provider in the world, and growth at the Amazon unit has returned after a dip in the past year, thanks to surging adoption of AI technologies.

The stock closed up nearly 4% at a record $193.61, giving the e-commerce giant the fifth company to join the $2 trillion club, following tech behemoths Microsoft, Apple, Nvidia and Alphabet.

US stock indexes have notched robust gains this year on relentless enthusiasm around AI, optimism around resilience in the US economy andWall Street was trading near record levels, largely powered by megacap stocks such as Nvidia and Amazon, whose future cash flows stand to benefit from lower interest rates.

Shares of Amazon, which were added to the blue-chip Dow Jones Industrial Average index in February, have climbed 27% this year.Fans fume as Disney World makes major change to its ride reservation system: 'Trash!'Amazon Web Services is the largest cloud services provider in the world, and growth at the Amazon unit has returned after a dip in the past year, thanks to surging adoption of AI technologies.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 91. in AE
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Stock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first timeStock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first time
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »