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Amazon Surpasses $3 Trillion Valuation as AWS Drives Growth

Guavy AI Editorial Team
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AMZN
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Amazon's market value has surpassed $3 trillion, driven by strong quarterly earnings and growth in its cloud computing division, Amazon Web Services (AWS).

The company reported a 20% increase in revenue to $200.6 billion for the second quarter, with AWS revenue jumping 36.7% year-over-year.

Wall Street analysts have raised their price targets on the stock, citing accelerating cloud demand and the monetization of generative AI.

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