The Hindu·3 min read·medium
Amazon enters $3 trillion club as AI, cloud growth power rally
R
Reuters
✦AI Summary
Amazon's market capitalization has surpassed $3 trillion, driven by strong cloud computing growth and investor confidence in its AI infrastructure investments. The company joins a select group of tech giants that have successfully leveraged the AI boom to boost financial performance.
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.
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