Amazon’s Market Value Surpasses $3 Trillion

Amazon has become the first tech company to reach a market valuation exceeding $3 trillion, driven by a share price increase of more than 5% following the announcement of strong Q2 results. The company reported revenues of $200.6 billion and profits of over $62 billion. The growth of the cloud division (AWS) was the main driver, with its revenues rising by 36.7% year-over-year, as Amazon invested $35 billion in OpenAI to strengthen its presence in artificial intelligence—becoming one of the company's most prominent growth areas.

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