amazon share price: Amazon hits $2 trillion in valuation on AI fervor, rate cut bets

amazon share price: Amazon hits  trillion in valuation on AI fervor, rate cut bets

Amazon.com Inc hit $2 trillion in market value for the first time on Wednesday, becoming the fifth U.S. company to surpass that level as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks. The stock rose 3.4% to $192.70, giving the e-commerce giant a market value of over … Read more

Bezos sells $2 billion of Amazon shares in first major stock sale since 2021

Bezos sells  billion of Amazon shares in first major stock sale since 2021

Jeff Bezos unloaded 12 million shares of Amazon.com Inc. this week, the first time the billionaire has sold the company’s stock since 2021. The sales took place on Wednesday and Thursday and netted just over $2 billion, according to a filing. Amazon disclosed on February 2 that Bezos plans to sell as many as 50 … Read more