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.
TMZ may collect a share of sales or other compensation from links on this page. We're still a few days away from Amazon Prime Day 2025's official kickoff on July.. TMZ.com
Canada has officially scrapped its controversial 3% Digital Services Tax after former U.S. President Donald Trump halted all trade talks and threatened new tariffs. The tax, set to target tech giants like Amazon, Google, and Meta, faced intense U.S. backlash. Finance Minister Champagne said rescinding the tax is essential to reviving stalled negotiations. Ottawa had previously vowed not to yield, but with over 80% of Canadian exports reliant on the U.S., the rollback clears the way for renewed talks ahead of a July 21, 2025 deadline.
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