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What bubble? Amazon enters $3 trillion market cap club, CEO highlights striking AI demand
Amazon shares reached a new high, briefly surpassing $3 trillion in market value. This surge followed a strong earnings report and increased investor confidence in artificial intelligence. The company's cloud services showed significant growth, exceeding expectations and boosting its valuation. Amazon anticipates substantial capital expenditures to meet future artificial intelligence demand. Other tech giants like Apple and Microsoft also saw their market values increase.
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hindustantimes.com
Amazon’s AI bet pays off as Jeff Bezos gets $25 billion richer, replaces Brin
Amazon AI spending is paying off as strong cloud growth sends shares higher and adds $25 billion to Jeff Bezos’ net worth. | Business News
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benzinga.com
Amazon Stock Tests 52-Week High: Can $1 Trillion AWS Vision Drive a Breakout? - Amazon.com (NASDAQ:AMZN)
Amazon.com shares are trading higher Monday as optimism builds around AWS-driven AI spending and a long-term cloud growth potential.
