FILE – An Amazon Prime truck is seen on April 5, 2024, in Portland, Ore. Amazon hits a stock market valuation of $2 trillion for the first time on Wednesday, June 26, 2024.
NEW YORK — 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.Amazon has also been making big investments in AI as global interest has grown in the technology.
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 had slowed down in growth last year as companies cut down on costs amid high inflation. The tech giant has also invested $4 billion in the San Francisco-based AI company Anthropic to develop so-called foundation models that underpin the generative AI systems. Amazon also makes and designs its own AI chips.Melania Trump won’t move back into the White House if Trump wins: reportCouncil members in Maryland town face continuing backlash following comments about LGBTQ+ community
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Top 3 Stocks Set to Soar With the AI-Driven Metaverse RevolutionStocks Analysis by MarketBeat.com (Thomas Hughes) covering: Apple Inc, Amazon.com Inc, Walmart Inc, Meta Platforms Inc. Read MarketBeat.com (Thomas Hughes)'s latest article on Investing.com
Leggi di più »
4 Retailers With Outlier Earnings Dates Reporting This WeekStocks Analysis by Christine Short covering: Walmart Inc, Bath & Body Works Inc., Big Lots Inc, TJX Companies Inc. Read Christine Short's latest article on Investing.com
Leggi di più »
These 3 Clinical-Stage Biotech Stocks Can Offer Exponential GainsStocks Analysis by The Tokenist (Timothy Fries) covering: Pfizer Inc, Ocuphire Pharma Inc, Rocket Pharmaceuticals Inc, Arvinas Inc. Read The Tokenist (Timothy Fries)'s latest article on Investing.com
Leggi di più »