NDTV·1 min read·medium
Amazon Market Value Crosses $3 Trillion For First Time As Shares Rise 5%
✦AI Summary
Amazon's market capitalization has surpassed $3 trillion for the first time following a 5% rise in share price. The growth is attributed to strong quarterly profits driven by the company's cloud computing and AI chip divisions.
Amazon posted quarterly profits of more than $62 billion thanks to huge increases in two artificial intelligence-related divisions: AI cloud business and chips.
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