Amazon achieves new milestone! Market cap crosses $3 trillion as AI, cloud growth power stock rally
Yet another technology stock has crossed the $3 trillion market cap. Amazon's market capitalisation went past the $3 trillion mark for the first time on Monday, driven by a sharp rally after the company reported strong quarterly results and reinforced investor confidence that the artificial intelligence (AI) boom is generating fresh demand for its cloud-computing business, its biggest profit driver.
Yet another technology stock has crossed the $3 trillion market cap. Amazon's market capitalisation went past the $3 trillion mark for the first time on Monday, driven by a sharp rally after the company reported strong quarterly results and reinforced investor confidence that the artificial intelligence (AI) boom is generating fresh demand for its cloud-computing business, its biggest profit driver.
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