Amazon's Market Cap Soars to $2 Trillion, Fueled by AI Investments and Stock Surge from most significant bit definition Watch Video
Preview(s): Play Video: (Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
Your browser does not support playing the video.Please download the video!
⏲ Duration: 0:43 👁 View: 375K times ✓ Published: 28-Jun-2024
Description: Amazon has hit a $2 trillion market valuation, driven by a nearly 4% stock surge and significant investments in AI. The company's stock has risen 52% over the past year, with AI and cloud computing playing crucial roles in this growth. AWS is projected to reach $100 billion in annual revenue, aided by AI capabilities. Amazon has invested $4 billion in AI company Anthropic and is developing its AI chips. Amazon's revenue and profits have grown, bolstering investor confidence. Potential challenges, like an FTC antitrust lawsuit, are seen as distant concerns by investors.