News Formal

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

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 29 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Amazon News

Market Valuation,Amazon CEO,Nvidia

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street barrels to more records as Nvidia tops $3 trillion in total valueNEW YORK (AP) — Wall Street is barreling toward records Wednesday as technology stocks keep rushing higher.
Source: SooToday - 🏆 8. / 85 Read more »