Amazon's market value surpassed the $2 trillion mark for the first time on Wednesday as optimism around artificial intelligence and potential interest rate cuts this year drove demand for technology-related stocks.
The company became the fifth biggest US company by market value in February after Nvidia went up a spot.
Amazon Web Services is the largest cloud services provider in the world, and growth at the Amazon unit has returned after a dip in the past year, thanks to surging adoption of AI technologies.
Late last year, Amazon unveiled a new generation of custom-designed chips used in data centers, targeting applications for machine-learning training and generative artificial intelligence.
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