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Amazon Joins $3 Trillion Club on Strong Cloud Growth and AI Momentum

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Amazon's market capitalization crossed the $3 trillion mark following a significant surge in its stock price. Shares of the Seattle-based company climbed 15% after it reported its fastest cloud revenue growth in more than four years. The strong performance was driven by rising demand for artificial intelligence and cloud services. Amazon also raised its annual capital expenditure forecast, signaling confidence in continued infrastructure investment.

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Amazon Joins $3 Trillion Club on Strong Cloud Growth and AI Momentum · ShortSingh