Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

June 26, 2024

The stock climbed 3.4% to $192.70, pushing the e-commerce giant’s market value past $2 trillion. This elevation places it alongside technology giants like Microsoft Corp, Apple Inc, Nvidia Corp, and Alphabet in the elite $2 trillion club.

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NY Fed President Williams sees no need for a rate hike in 2027

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