Amazon hit $2 trillion in valuation, joining Alphabet, Microsoft, Apple, and Nvidia. The boost came ahead of Prime Day, with a 52% year-over-year increase marking the fifth company to reach this milestone.
Amazon reported a stellar Q1 2024, with a 13% annual net sales increase to $143.3 billion and a 12% rise in North American sales, indicating a strong start to the year, as stated by Amazon's President and CEO.
Amazon was up around 4% by the end of Wednesday and nearly 2.6% on Thursday afternoon, showing a significant stock growth, with the company's per-share value standing at $197.87 as of Thursday.
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