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.
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