Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

06/26/2024

Less than a minute

2024.06.26 12:58

© Reuters. FILE PHOTO: Figurines with computers and smartphones are seen in front of Amazon logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Amazon.com Inc (NASDAQ:) hit $2 trillion in market value on Wednesday, becoming the fifth U.S. company to surpass that level as investors pile into technology-related stocks on optimism around artificial intelligence and potential interest rate cuts.

The stock rose 3.1% to $192.1, giving the e-commerce giant a market value of $2 trillion and putting it in the same club as technology heavyweights Microsoft Corp (NASDAQ:), Apple Inc (NASDAQ:), Nvidia Corp (NASDAQ:) and Alphabet (NASDAQ:).

06/26/2024

Less than a minute

Bitcoin (BTC) $ 96,389.83 2.00%

Ethereum (ETH) $ 3,383.56 1.61%

Tether (USDT) $ 0.999262 0.05%

XRP (XRP) $ 2.18 3.36%

BNB (BNB) $ 690.08 1.97%

Solana (SOL) $ 190.20 2.59%

Dogecoin (DOGE) $ 0.315623 3.13%

USDC (USDC) $ 1.00 0.09%

Lido Staked Ether (STETH) $ 3,380.77 1.50%

Cardano (ADA) $ 0.873038 2.56%

TRON (TRX) $ 0.257214 1.10%

Avalanche (AVAX) $ 37.67 4.14%

the-open-network

Toncoin (TON) $ 5.79 1.39%

Chainlink (LINK) $ 23.01 3.18%

Wrapped stETH (WSTETH) $ 4,013.87 1.75%

Shiba Inu (SHIB) $ 0.000022 2.17%

wrapped-bitcoin

Wrapped Bitcoin (WBTC) $ 96,186.77 2.03%

Sui (SUI) $ 4.24 3.52%

hedera-hashgraph

Hedera (HBAR) $ 0.286605 7.37%

Stellar (XLM) $ 0.360051 3.81%

Bitget Token (BGB) $ 7.70 19.02%

Polkadot (DOT) $ 7.03 3.62%

WETH (WETH) $ 3,381.63 1.59%

Hyperliquid (HYPE) $ 27.08 3.49%

Bitcoin Cash (BCH) $ 442.23 2.42%

LEO Token (LEO) $ 9.11 3.67%

Uniswap (UNI) $ 13.82 3.12%

Litecoin (LTC) $ 103.71 3.47%

Pepe (PEPE) $ 0.000018 1.78%

Wrapped eETH (WEETH) $ 3,569.87 1.60%

NEAR Protocol (NEAR) $ 5.13 3.16%

Ethena USDe (USDE) $ 0.998136 0.03%

USDS (USDS) $ 1.00 0.16%

Aave (AAVE) $ 342.89 3.41%

Aptos (APT) $ 9.00 3.22%

internet-computer

Internet Computer (ICP) $ 10.43 3.84%

crypto-com-chain

Cronos (CRO) $ 0.150679 2.57%

polygon-ecosystem-token

POL (ex-MATIC) (POL) $ 0.483857 3.20%

Mantle (MNT) $ 1.19 2.00%

Ethereum Classic (ETC) $ 26.25 1.57%

VeChain (VET) $ 0.04709 5.44%

Render (RENDER) $ 7.24 1.46%

WhiteBIT Coin (WBT) $ 24.72 0.06%

Monero (XMR) $ 190.83 0.22%

Bittensor (TAO) $ 473.74 1.46%

MANTRA (OM) $ 3.63 2.07%

Dai (DAI) $ 1.00 0.05%

Artificial Superintelligence Alliance (FET) $ 1.28 2.45%

Arbitrum (ARB) $ 0.767809 1.46%

OKB (OKB) $ 52.34 0.84%