Amazon enters $3 trillion club as AI, cloud growth power rally

Amazon has officially entered the $3 trillion club as its market valuation rallies. This growth is primarily powered by the company's AI and cloud businesses. The surge follows strong earnings reports, which indicate that the ongoing AI boom is driving fresh demand for Amazon's cloud-computing services. Consequently, the integration of artificial intelligence and the expansion of cloud infrastructure have been the key drivers behind the company reaching this significant financial milestone in the market.