Economy · World
Amazon Market Value Surpasses $3 Trillion Milestone
Amazon's market capitalization has exceeded $3 trillion following a surge in its stock price. Shares rose significantly, driven by strong performance in its cloud computing division and increased capital expenditure forecasts. The company's cloud revenue growth was the fastest in over four years. Amazon's cloud chief described the potential AI business as 'just massive'. This milestone places Amazon among an elite group of companies with such high market valuations.
How outlets across the spectrum covered it
Left 1 · Centre 2 · Right 1 n = 4
- Left (1): The Hindu
- Centre (2): NDTV, The Times of India
- Right (1): Firstpost
- International (2): Bloomberg, The Guardian