Amazon's AI Push Propels Its Market Cap Beyond $2 Trillion As Stock Soars To New Heights Setting Its Sights At $3 Trillion
Portfolio Pulse from Zaheer Anwari
Amazon's market cap has surpassed $2 trillion, driven by AI advancements. The stock faces resistance at $200 but has seen significant growth, with a 12% rise in June and a 30% increase year-to-date. Amazon plans to launch a discount store to compete with Temu and Shein.
June 28, 2024 | 1:23 pm
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Amazon's market cap has reached $2 trillion, driven by AI advancements. The stock faces resistance at $200 but has seen significant growth, with a 12% rise in June and a 30% increase year-to-date. Amazon plans to launch a discount store to compete with Temu and Shein.
Amazon's significant market cap growth and stock price increase are driven by AI advancements and positive market sentiment. The launch of a discount store to compete with Temu and Shein indicates strategic diversification. However, the stock faces resistance at $200, which could impact short-term performance.
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RELEVANCE 100