Amazon Reaches $2 Trillion , in Stock Market Value.<br />On June 26, Amazon became the 5th American company to join the $2 trillion club, NPR reports. .<br />Amazon shares ended the day up nearly 4%, giving the company a $2.01 trillion stock market valuation. .<br />Within the past year, <br />Amazon's stock has gained 52%.<br />Part of that gain can be attributed <br />to investors' enthusiasm about the <br />company's AI endeavors, NPR reports. .<br />A big part of the valuation boost has <br />been cloud and AI. Amazon is going to <br />be a major player in the AI revolution, Dan Ives, Wedbush tech analyst, via NPR.<br />Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .<br />Amazon currently has a chatbot called Q, which businesses that use AWS have access to. .<br />Amazon CEO Andy Jassy recently said that <br />AI has rejuvenated the growth of AWS.<br />The cloud computing unit is reportedly on pace to bring in $100 billion in annual revenue.<br />Amazon recently invested in Anthropic, a California <br />AI company, "to develop so-called foundation models <br />that underpin generative AI systems," NPR reports. .<br />Amazon also makes its own AI chips.<br />The other four U.S. companies that <br />belong to the $2 trillion club are <br />Google, Microsoft, Apple and Nvidia. .<br />The other four U.S. companies that <br />belong to the $2 trillion club are <br />Google, Microsoft, Apple and Nvidia. .<br />The other four U.S. companies that <br />belong to the $2 trillion club are <br />Google, Microsoft, Apple and Nvidia. .<br />The other four U.S. companies that <br />belong to the $2 trillion club are <br />Google, Microsoft, Apple and Nvidia.
