Aug 3 : Amazon's market value topped $3 trillion for the first time on Monday, helped by a sharp rally following strong earnings and signs that the AI boom is driving fresh demand for its cloud-computing services, the company's main profit engine.Its shares were last up 5.5 per cent at $286.20, hitting a reco

Amazon CEO Andy Jassy says AWS could eventually become a $1 trillion annual revenue business as AI accelerates cloud demand and long-term growth.

Amazon shares rose sharply on Fridat after stronger-than-expected growth at its cloud business reinforced investor confidence in the company's AI investments. AWS posted its…

Amazon CEO says cloud arm could become trillion-dollar business

Amazon achieved a three trillion dollar market capitalisation for the first time. This milestone places the company among Wall Street's top giants. Renewed artificial…