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The Economic Times
The Economic Times

Amazon hits $3 trillion market value

Amazon Magnificent Seven Artificial Intelligence

Amazon.com surpassed $3 trillion in market value for the first time, becoming only the fifth company to ever reach the milestone.

The e-commerce and cloud-computing company's shares rose as much as 5.3% as of 9.35 am on Monday, adding to the raucous rally last week following second-quarter earnings that showed accelerating cloud-computing revenue. Amazon joins Nvidia, Alphabet, Microsoft and Apple as the only companies that have reached that size.

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