Quartz·1 min read·easy
Amazon stock topped $3 trillion in market value for the first time after cloud growth surged
✦AI Summary
Amazon's market value surpassed $3 trillion for the first time, driven by strong growth in its cloud computing division, Amazon Web Services. The company exceeded analyst revenue expectations for the second quarter.
Amazon Web Services posted $42.2 billion in second-quarter revenue, topping analyst expectations by more than $1.6 billion
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