Amazon Hits $3 Trillion Market Value as AI Cloud and Chip Units Surge

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Amazon's market capitalization crossed $3 trillion for the first time after its shares rose approximately 5%. The milestone was driven by the company posting quarterly profits exceeding $62 billion. Two AI-related business segments — its cloud computing unit and chip division — were the primary contributors to the earnings surge. The strong performance reflects growing demand for artificial intelligence infrastructure and services.

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