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Asia

Amazon hits $3 trillion market value

Markets-Economic Times · 1h ago · 🇮🇳 India

Amazon hits $3 trillion market value

Amazon's market value surpassed three trillion dollars for the first time. This milestone places Amazon among only five companies ever to achieve such a valuation. The company's shares surged significantly after strong second-quarter earnings reports. Accelerating cloud-computing revenue eased investor concerns about artificial intelligence spending. Amazon's stock now leads the Magnificent Seven group in performance this year.

Read the full story at Markets-Economic Times →

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