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Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

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NEW YORK (AP) — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that...

NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold.

In April, Amazon CEO Andy Jassy said that AI capabilities have reaccelerated AWS’ growth and that it was on pace for $100 billion in annual revenue. The unit's growth slowed last year as companies cut down on costs amid high inflation.in the San Francisco-based AI company Anthropic to develop so-called foundation models that underpin generative AI systems. In addition, Amazon makes and designs its own AI chips.

An overload of warning signals mark the 'last straw' that could send the S&P 500 plunging 70%, famed permabear says

 

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