×
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

The stock rose 3.1% to $192.1, giving the e-commerce giant a market value of $2 trillion
Last Updated : 26 June 2024, 17:10 IST

Follow Us :

Comments

Amazon.com Inc hit $2 trillion in market value on Wednesday, becoming the fifth US company to surpass that level as investors pile into technology-related stocks on optimism around artificial intelligence and potential interest rate cuts.

The stock rose 3.1 per cent to $192.1, giving the e-commerce giant a market value of $2 trillion and putting it in the same club as technology heavyweights Microsoft Corp, Apple Inc , Nvidia Corp and Alphabet.

ADVERTISEMENT
Published 26 June 2024, 17:10 IST

Follow us on :

Follow Us

ADVERTISEMENT
ADVERTISEMENT