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Amazon Tops $3 Trillion Market Cap Amid AI Cloud Hyperscaler Rally

Guavy AI Editorial Team
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AMZN
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Amazon's market capitalization has surpassed $3 trillion as the AI cloud hyperscalers rally. The news comes as Amazon Web Services (AWS) continues to expand its presence in the cloud computing market.

The company's stock price has been on a steady rise, driven by the growth of its cloud business and increasing demand for AI-related services. AWS is one of the leading providers of cloud infrastructure and has seen significant gains in recent months.

The rally in AI cloud hyperscalers has been led by companies such as Microsoft and Alphabet's Google Cloud Platform, which have also seen their market capitalization increase significantly. The growth of these companies is attributed to the increasing demand for cloud-based services and the integration of AI technology into various industries.

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