NEW YORK — Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology.
Comment on Amazon crosses $2 trillion in stock market value for the first time
Associated Press, Chicago Tribune: Business
Wed, 06/26/2024 - 1:15pm
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