Amazon Reaches $2 Trillion , in Stock Market Value.
On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .
Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .
Within the past year,
Amazon's stock has gained 52%.
Part of that gain can be attributed
to investors' enthusiasm about the
company's AI endeavors, NPR reports. .
A big part of the valuation boost has
been cloud and AI. Amazon is going to
be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .
Amazon CEO Andy Jassy recently said that
AI has rejuvenated the growth of AWS.
The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.
Amazon recently invested in Anthropic, a California
AI company, "to develop so-called foundation models
that underpin generative AI systems," NPR reports. .
Amazon also makes its own AI chips.
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia. .
The other four U.S. companies that
belong to the $2 trillion club are
Google, Microsoft, Apple and Nvidia.
Credit: Wibbitz Top Stories Duration: 01:30Published
A behind-the-scenes look at the fifth and final season of 'Stranger Things' just dropped! Netflix shared a new video that gives fans a first look at the show's cast and crew working on season five...
Credit: The Hollywood Reporter Duration: 01:57Published
Severance Season 2 Trailer HD - Plot synopsis: Welcome to Lumon ... From Ben Stiller and creator Dan Erickson, SEVERANCE centers around Mark Scout (Adam Scott), a leader of a team of office workers..
The Decameron New Official trailer HD - Netflix - Plot Synopsis: You are cordially invited to a wine-soaked sex romp set in the Italian countryside. The Decameron is a soapy dark comedy that examines..
![Apple opening up access to payments on iPhones solves EU competition concerns [Video]](https://video.newsserve.net/300/v/20240712/1381404504-Apple-opening-up-access-to-payments-on-iPhones.jpg)
![Amazon Reaches $2 Trillion in Stock Market Value [Video]](https://video.newsserve.net/300/v/20240627/1379785948-Amazon-Reaches-Trillion-in-Stock-Market-Value.jpg)
!['Stranger Things 5' Drops First Look With Behind The Scenes Video | THR News Video [Video]](https://video.newsserve.net/300/v/20240715/1381773738-Stranger-Things-Drops-First-Look-With-Behind.jpg)
![Severance Season 2 [Video]](https://video.newsserve.net/300/v/20240713/1381576442-Severance-Season.jpg)
![The Decameron [Video]](https://video.newsserve.net/300/v/20240713/1381575690-The-Decameron.jpg)
