Reported 9 months ago
Under the wave of AI boom, American e-commerce giant Amazon's stock price surged, breaking the $2 trillion mark for the first time on June 26, 2024, becoming the fifth U.S. company to achieve this milestone. With its stock price reaching $193.62 and a market value of $2.01 trillion, Amazon joined the ranks of tech giants like Microsoft, Apple, Nvidia, and Alphabet in the $2 trillion valuation club. Amazon's stock has risen by 27.5% this year, driven by the accelerated growth of its cloud business and cost-cutting measures led by CEO Andy Jassy.
Source: YAHOO