Stocks
Amazon Stock Smashes Through $3 Trillion Barrier Amid Strong Cloud Growth
Amazon's stock price reached an all-time high of $284.02 on Monday after investors reacted positively to the company's strong cloud growth and renewed confidence in its artificial intelligence strategy.
The rally pushed Amazon's market capitalization above $3 trillion for the first time, making it only the fifth company to ever reach this milestone.
The key driver of the stock price increase was the performance of Amazon Web Services (AWS), where accelerating cloud growth highlighted rising demand for AI infrastructure.