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Amazon's market value surpasses $3 trillion
Reports have emphasized that Amazon's market value has surpassed the $3 trillion mark for the first time, supported by quarterly profits and increased activity in cloud computing and artificial intelligence. On the New York Stock Exchange, the company's stock rose by 4.57% to reach $284, pushing its market capitalization up by more than $500 billion since announcing its results last Thursday. This makes Amazon the fifth-largest company by market value, after Nvidia, Apple, Alphabet, and Microsoft. Amazon continued its investments in artificial intelligence, announcing an additional $5 billion investment in Anthropic, with assurances that these investments have not affected its profit margins. Despite rising expenses in AI, the company’s overall results remain reassuring for investors, whereas Meta’s shares declined due to reduced profitability stemming from similar investments.
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