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AMAZON ENTERS $3 TRILLION CLUB AS AI, CLOUD GROWTH POWER RALLY

  • NEWS Desk Global
  • 4 days ago
  • 1 min read

Amazon's market value topped $3 trillion for the first time on Monday, helped ‌by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company's main profit engine.

Its shares were last up 5% at $285.01, hitting a record high. They have gained over ​23% so far this year. Last week, the shares recorded the biggest one-day jump since April 2012 ​after the Seattle-based e-commerce and cloud computing giant delivered its strongest cloud growth in ⁠more than four years and raised its annual capital spending forecast.

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