06/27/2024

Amazon Becomes Fifth U.S. Company to Reach $2 Trillion in Stock Market Value

Wall Street investors have pushed the value of the e-commerce giant's stock

Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold.

Shares in Amazon.com Inc. finished the day up almost 4 percent, giving the Seattle-based company a stock market valuation of $2.01 trillion. Its stock has gained 52 percent in the past 12 months, partly driven by enthusiasm for the company's investments in artificial intelligence.

Amazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion.

Please select this link to read the complete article from NPR.