Last night, Amazon’s stock price closed with a 3.90% increase at $193.61 per share, resulting in a market capitalization of $2.015 trillion. This milestone marks Amazon’s valuation surpassing the $2 trillion mark for the first time.
Among technology companies in America, only a few have achieved a market capitalization exceeding $2 trillion in the past, including NVIDIA, Apple, Alphabet, and Microsoft. Currently, all of them maintain valuations above $2 trillion.
Amazon’s performance in the last quarter was notably driven by its AWS business, which saw a significant revenue growth of 17% and a substantial increase in profit margins, attributed to cost-saving measures implemented during the period.
Source: CNBC
TLDR: Amazon’s stock price saw a 3.90% increase, pushing its market capitalization over $2 trillion for the first time. The company’s strong performance in the last quarter was led by significant growth in its AWS business.
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