Amazon’s AI Business Helps It Top $3 Trillion Market Cap

Amazon joined several of its fellow tech giants in the $3 trillion club, Reuters reported Monday (Aug. The company’s market value exceeded that figure for the first time Monday after Amazon reported earnings Thursday (July 30) that signaled that artificial intelligence continues to fuel demand for its cloud-computing offerings, the report said. Amazon and Microsoft are the only two of the Magnificent Seven companies that have reported earnings so far this quarter and gotten a positive recept