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Amazon Surpasses $3 Trillion Market Cap on AI-Driven Growth

Guavy AI Editorial Team
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AMZN
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Amazon has surpassed $3 trillion in market capitalization, joining an elite group of five companies to achieve this milestone. This feat comes on the back of a 15% surge in its stock price following strong second-quarter earnings.

The company's cloud computing arm, Amazon Web Services (AWS), witnessed a 37% year-over-year revenue increase, marking its fastest expansion in 18 quarters.

Investors seeking to capitalize on Amazon's momentum can consider targeted exchange-traded funds (ETFs) with the company among their top holdings. These ETFs offer diversification and mitigate single-stock concentration risk.

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