Amazon hits US$2 trillion in valuation on AI fervor, rate cut bets

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Amazon.com Inc hit US$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 per cent to US$192.70, giving the e-commerce giant a market value of over $2 trillion and putting it in the same club as technology heavyweights Microsoft Corp, Apple Inc, Nvidia Corp and Alphabet.

The company has also invested in AI startup Anthropic and robotics firm Figure as it looks to capitalize on the AI boom. U.S. charges 5, including man acquitted at trial, for attempting to bribe Minnesota juror with US$120K Jonathan David scored in the 74th minute, and Canada beat Peru 1-0 on Tuesday night in the Copa America for its first victory over a South American opponent in 24 years.With just one month until the 2024 Olympics take over Paris, is the city ready for it? Some have noted concerns ahead of the Games, which begin on July 26, including the possibilities of crowding, extreme heat and a pollution problem.

With a mix of sun and cloud and a southwest wind, temperatures in the Maritimes took a step up on Wednesday.Western Labrador town without power as wildfire takes out transmission lines

 

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