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in Tech

Amazon reaches $2 trillion market cap for the first time

by Editor June 26, 2024, 8:06 pm 1.2k Views

Amazon reaches $2 trillion market cap for the first time

Amazon CEO Andy Jassy.

CNBC

Amazon shares closed up 3.9% to $193.61 on Wednesday, pushing the company’s market cap past $2 trillion for the first time.

In crossing the milestone, Amazon joins Nvidia, Apple, Alphabet and Microsoft, all of which are worth $2 trillion or more. Investors have piled into tech stocks recently as excitement around generative artificial intelligence has reached a fever pitch. Nvidia, which makes graphics processors for…

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Posted by Editor

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