{"id":88630,"date":"2024-06-27T00:10:31","date_gmt":"2024-06-27T04:10:31","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88630"},"modified":"2024-06-26T23:44:08","modified_gmt":"2024-06-27T03:44:08","slug":"amazon-reaches-2-trillion-market-cap-for-the-first-time","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/amazon-reaches-2-trillion-market-cap-for-the-first-time.html","title":{"rendered":"Amazon reaches $2 trillion market cap for the first time"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/AMZN\/\">Amazon<\/a>\u00a0shares closed up 3.9% to $193.61 on Wednesday, pushing the company\u2019s market cap past $2 trillion for the first time. In crossing the milestone, Amazon joins\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\">Nvidia<\/a>,\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/AAPL\/\">Apple<\/a>,\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/GOOGL\/\">Alphabet<\/a>\u00a0and\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/MSFT\/\">Microsoft<\/a>, all of which are worth $2 trillion or more. Investors have piled into tech stocks recently as excitement around generative artificial intelligence has reached a fever pitch. Nvidia, which makes graphics processors for the servers that power large AI models, has been one of the biggest beneficiaries, with its market value soaring from\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/02\/23\/nvidia-briefly-surpasses-2-trillion-in-market-cap-during-intraday-trading.html\">$2 trillion<\/a>\u00a0to\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/06\/05\/nvidia-briefly-passes-3-trillion-market-cap-on-back-of-ai-boom.html\">$3 trillion<\/a>\u00a0in just over three months.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/26\/amazon-reaches-2-trillion-market-cap-for-the-first-time.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Amazon\u00a0shares closed up 3.9% to $193.61 on Wednesday, pushing the company\u2019s market cap past $2 trillion for the first time. In crossing the milestone, Amazon joins\u00a0Nvidia,\u00a0Apple,\u00a0Alphabet\u00a0and\u00a0Microsoft, all of which are worth $2 trillion or more. Investors have piled into [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88630","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88630"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88630\/revisions"}],"predecessor-version":[{"id":88631,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88630\/revisions\/88631"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}